THE BVRLA has come out strongly pro an EU trade deal.
The Association says that failure to reach agreement would hit cash-strapped UK businesses, destroy the fragile recovery in the automotive sector and slow down the uptake of electric vehicles.
According to BVRLA estimates, no deal tariffs on cars and vans would add £2.1 billion to the fleet sector’s annual new car costs.
In addition, the BVRLA believes that progress towards a zero emission motoring future would be severely hampered. It says a no deal would add an additional £2.8bn to fleet EV conversion costs over the next five years.
The time for political posturing has passed. We need policymakers on both sides to reach a deal soon so that business and consumers can acquire new vehicles in cost-effective confidence and support a green recovery across the UK automotive sector and the wider economy.
Gerry Keaney, chief executive, BVRLA
Last week the BVRLA joined the CBI and more than 70 other trade associations from sectors across the UK economy in calling for the swift conclusion of a UK-EU trade deal.
More details of the BVRLA’s no EU trade deal analysis can be found on the BVRLA website.
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
