Car industry is latest trade group to issue warning, saying WTO tariffs and customs checks will ramp up maintenance costs
British motorists face a 10% rise in the cost of their annual car service and repair bills if the UK leaves the EU without a trade deal, an industry body has warned.
The UK’s collective car repair bill could rise by more than £2bn due to tariffs and other barriers arising from a hard Brexit, according to a report published by the Society of Motor Manufacturers and Traders (SMMT), which assumes the UK is forced to fall back on World Trade Organisation (WTO) rules.
Related: Brexit border chaos will cause huge delays and cost £1bn a year, says report