Supercars may cost more due to uncertainty

GERMAN SPORTS car firm Porsche is warning new customers they might have to pay extra for their new cars after Brexit.

Buyers placing orders are being asked to sign a clause in their contracts saying they would be prepared to cover the cost of a potential 10 per cent tariff.

In a statement, the Stuttgartbased car maker said: “As one potential outcome of the Brexit negotiations, there is a possibility that a duty of up to 10 per cent may be applied to cars imported into the UK by us after March 29.

“In light of this, we have chosen to inform customers whose cars are likely to arrive after Brexit occurs to warn them that they may be affected by this tariff – allowing them to be fully informed at the point of sale and, if they wish, to adjust their order accordingly.

“This is a precautionary step in the interests of allowing our customers to plan ahead, should this situation arise.”

Separately, a new study suggests half of manufacturing firms which export goods plan to increase their prices amid continued uncertainty over Brexit and future trading arrangements.

A survey published today of more than 2,600 exporters, including service companies, indicated that exchange rates were a source of concern, as well as the cost of raw materials.