Business Motoring

Car sales are to be hit by price hikes, despite a record sales year 2016.

Car sales are to be hit by price hikes, despite a record sales year 2016.

The UK car market is expected to suffer from an increase in prices over 2017. A lot varying factors contribute to this report, Brexit is of course one of these contributing factors, and unsecured lending is another factor. This is despite 2016 being a record year for new car sales. As a by product the price of second hand cars should improve.

UK car sales at record high in 2016. BBC News

Car prices to start rising within weeks after pound slump, warns SMMT. Sky News

British car industry body warns of sales downturn as uncertainty kicks in. The Guardian

Car prices set to rise in 2017 as Brexit uncertainty kicks in, warns industry body. The Independent

 

 

 

 

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