The uncertainty for companies and consumers associated
with the impending Brexit is affecting companies in the vehicle
construction sector in several ways simultaneously.
Price competitiveness has deteriorated as a result of the marked depre-
ciation of the pound against the euro, where German companies
are competing with British products. Although price is not the
crucial selling point for premium vehicles, volume sales are ei-
ther being hit, or lower margins are being realised.
EU Forecast
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