GBP-EUR parity

[AtW]

If there is a No Deal, EUR will plummet because the EU has more to lose than the UK, what with German car exports etc etc.

WHS

To hell with Mercedes, Audi, VW, Fiats, Skoda, Volvos, Ferraries, Lambos, Porsche, Renaults, Opels, Peugeot ...

Buy British cars!

[AtW]

Market doesn't think so. Pound is falling against euro big time in anticipation of no deal brexit.

That's tiny drops, it was closer to parity in 2009

[fullyautomatix]

Has anyone seen the number of Merc, Audi and BMW cars on the roads these days? Eveybody is driving them, from hair dressers to brain surgeons. UK is the biggest market for these cars and also for household appliances. Imagine what would happen to Germany economy once UK stops importing the goods. A crash in Euro is inevitable

[AtW]

10% tariff on imported cars won't change sales much since there is no other viable alternative anyway, sellers will just add a few extra months to the renting those cars out, since they are not bought anyway

A big fall of sterling is a bigger risk, but so far falls are minor

[Andy2]

WHS

To hell with Mercedes, Audi, VW, Fiats, Skoda, Volvos, Ferraries, Lambos, Porsche, Renaults, Opels, Peugeot ...

Buy British cars!

why would anyone stop driving German cars if they cost £33k instead of £30k , if suppose there is 10% import duty.

[Old Greg]

Market doesn't think so. Pound is falling against euro big time in anticipation of no deal brexit.

Project Fear. The EU had more to lose, so therefore you are lying.

[fullyautomatix]

why would anyone stop driving German cars if they cost £33k instead of £30k , if suppose there is 10% import duty.

Because of value for money concept. British built cars with 0 tariffs will be more attractive to buy.

[Andy2]

Because of value for money concept. British built cars with 0 tariffs will be more attractive to buy.

people don't buy luxury cars for value of money.

[AtW]

why would anyone stop driving German cars if they cost £33k instead of £30k , if suppose there is 10% import duty.

90% of drivers in UK don't buy cars anyway, they rent them, so if it's another 1% APR added then nobody would notice or care.

Increased brand new car prices would help hold used car market also, so will add to stability of all those loans that banks are very exposed to, so from financial stability point of view it's even better if new stuff will be 10-15% more expensive.

Also don't forget who will collect that 10% - HMRC, so that's an effective new VAT that will raise lots of money without breaking manifesto promises.

[Old Greg]

why would anyone stop driving German cars if they cost £33k instead of £30k , if suppose there is 10% import duty.

If the answer is nobody, then the Germans have been missing a trick by not increasing prices by 10%.

Cretin dispatched. Next!