IT’S certainly been an exciting few weeks in the world since the last column, dominated mostly I guess by the Brexit result in the EU Referendum at the end of June.
There was a huge negative economic reaction in the short term followed just as quickly by a positive swing in the opposite direction.
With the accompanying political uncertainty in both main parties it looked for a while that we could all be heading for hell in a handcart! However, by the time you read this I’m hoping that most of the dust will have settled and we can begin to look forward and think rationally about the comi
IT’S certainly been an exciting few weeks in the world since the last column, dominated mostly I guess by the Brexit result in the EU Referendum at the end of June.
There was a huge negative economic reaction in the short term followed just as quickly by a positive swing in the opposite direction.
With the accompanying political uncertainty in both main parties it looked for a while that we could all be heading for hell in a handcart! However, by the time you read this I’m hoping that most of the dust will have settled and we can begin to look forward and think rationally about the coming months and years ahead.
In the motor industry we are affected by the decision but need to examine some of the facts before over-reacting. The EU remains a huge market for the UK, and vice versa. 81 per cent of the cars manufactured in the UK are for export and many of those go to the EU. In addition, we import a lot of cars from Europe, especially Germany. In a nutshell, whether we are in or out of Europe, both markets need each other and the value of that trade will ensure that decisions are taken sooner rather than later.
BMW have confirmed that the UK remains an important market and for now they are not planning any changes in their operations in respect of the UK. Jaguar Land Rover export 20 per cent of their production into Europe and they are committed to their customer base in Europe. Honda will soon start producing the tenth version of the Civic from their Swindon factory and remain committed to all their businesses across Europe.
There is no doubt there will be uncertainty, however, it is important to keep doing what we do, making and selling things to generate income for our companies and the greater economy so that we are in a positive frame of mind and well positioned to take advantage of the opportunities that will present themselves. And there is no doubt opportunities will be there.
I could, of course, point out that there are lots of great deals about on new cars, and by the time you read this the new 66 plate will be nearly upon us, but I think for the moment the message is Keep Calm and Keep On Doing What You Do… and in our case, that means finding great leasing deals for our customers of course!
Contact the team at Alpha Contracts Leasing Ltd on 01604 5866553 for information.
Safe motoring