Vauxhall is set to increase prices of most models by 2.5% from tomorrow, matching an increase made in the aftermath of Brexit.
General Motors Europe has suffered as the value of the pound slipped against the euro, with the UK being its largest national market. Tina Müller, Opel’s chief marketing officer, said Brexit has in effect cost the company £346 million already.
“It will be the trend across the industry,” Müller told journalists at the Paris motor show. “I think we are leading here but we know that everybody else will follow.”
Despite GME’s predictions for a decline in the British market, sales remain strong at the moment, with a Vauxhall spokesman confirming that the brand is currently leading September retail sales for cars.