Categories: Car News

Brexit sales boost to British cars from Europe

Bargain-hunting European car buyers are taking advantage of the post-Brexit weakening of the pound by buying cars advertised on sale in Britain.

Car search website motors.co.uk reports a “significant” rise in searches from other European countries, particularly when the pound was down to £1.09 against the Euro back in October.

The Republic of Ireland is especially noteworthy: visits from its residents searching for cars sold in sterling grew by a hefty 151% compared to the same period in 2015.

Ireland, of course, is a member of the EU and has adopted the Euro, meaning the exchange rate is very favourable – and, of course, like the UK, its cars are right-hand drive.

Experts say this backs up anecdotal evidence that visits to Northern Ireland by Republic of Ireland car buyers are significantly up.

Visits to the motoring website from Cyprus and Malta have also spiked: again, both those countries drive on the left.

Motors.co.uk director of business intelligence Dermot Kelleher said other retail industries had already seen evidence of this ‘Brexit boost’ from Europeans shopping in the UK.

“It stands to reason that the savings on even more expensive good such as cars could be even greater – encouraging more European consumers to spend in the UK.”

Richard Aucock

I'm Managing Director at Motoring Research. I run a bit, cycle a bit, have a huge love for the automotive industry.

Share
Published by
Richard Aucock
Tags: Brexit

Recent Posts

  • Car News

New Ferrari Challenge UK race series is a global first

Four-race series for Ferrari 488 Challenge launches at Brands Hatch in spring 2019

17 hours ago
  • Car News

You can now track a friend’s journey on Google Maps

Google has updated its Maps app so that you can now track a friend's journey, estimated time of arrival and…

19 hours ago
  • Features

When Mazda launched five car new brands – and they all failed

A brief look at Mazda's infamous five dead brands – Amati, Autozam, Efini, Eunos and Xedos, with an honourable mention…

21 hours ago
  • Car News

Elon Musk has introduced a new, cheaper Tesla Model 3

The CEO of Tesla introduced the world to the 'mid-range' Model 3 via Twitter

21 hours ago
  • Advice
  • MSN Ownership

How to get cheaper car insurance

We reveal how to keep the cost of car insurance down – and the things you definitely shouldn’t do...

22 hours ago
  • Car News

Lamborghini celebrates 50 years of its four-seat supercar

A visit to London, dinner at the RAC and a hat-tip to 'Hey Jude'. It's all part of the anniversary…

22 hours ago