No-Deal Brexit Will Push Porsche Prices Even Higher
The Volkswagen-owned company has warned that prospective buyers may pay a premium of up to 10 percent if the U.K. leaves the EU without a deal. That’s because the carmaker — one of the most profitable in the world, pocketing $17,000 per vehicle last year — would need to cover new import tariffs. The U.K. accounts for 4.9 percent of Porsche sales.
What about VW’s other brands? The company hasn’t commented, but considering its line includes Audi, Lamborghini and Skoda, any price hikes would likely be far-reaching.