Vauxhall to increase prices by 2.5% following Brexit 0

Vauxhall-to-increase-prices-by-2-following-BrexitThe 1st of October saw Vauxhall increase prices across its range, matching an increase made following the results of the Brexit vote back in June.

Vauxhall’s parent company General Motors has already suffered due to the pound dropping against the Euro; the UK is the company’s most valuable national market.

Opel’s Chief Marketing Officer, Tina Muller, said that in effect the company had lost £346 million already, as a result of Brexit.

“It will be the trend across the industry,” she told reporters at last week’s Paris Motor Show. “I think we are leading here but we know that everybody else will follow.”

Despite numerous predictions that a decline in the British market is certain following the decision to leave the EU, sales still remain strong. A Vauxhall spokesman confirmed that the brand is currently leading the sales figures for September car sales, with no apparent signs of things starting to tail off.

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