Warning car servicing costs may increase
Average annual car servicing bills could jump £70 after Brexit if no trade deal is reached between the UK and the European Union, according to a new study.
Repair and service costs could increase by 10% if tariff sand other barriers to trade are imposed, the report commissioned by automotive trade association the Society of Motor Manufacturers and Traders (SMMT) warned.
The research estimated a 2.5%-4.5% World Trade Association tariff on imported car parts may cost the typical car owner an extra £21 a year for replacement components.
Customs delays, regulatory barriers and other possible consequences of Brexit were calculated to cost an additional £49.
It emerged last week the number of cars built in the UK in June fell by almost 14% as the industry continued to be affected by uncertainty over Brexit.
Vehicle repair costs could rise by 10%.