Brexit and spares/fuel prices
- Thread starter mcbutler
- Start date
mcbutler said:
I don't think even financial gurus can answer this question with any certainty but my gut feeling is once all the dust settles there won't be any major change. I should add though as it standS the UK is much cheaper than many EU countries not only for cars but also for parts and certainly cheaper than Spain. e.g. front brake pads on my mrs Fiesta are around 25 GBP for Ford original in UK here they are 70 to 80€!!!!
1066 Country
Oil being priced in US$ IMO means there ‘should’ be little change...
With spare parts, there is the risk of a HMRC import duty tax hike... the unit cost itself should remain the same & only affected by FX rates.... which are driven by interest rates.... & as we have all those wonderful politician promises of continued free trade without EU import duties we obviously have nothing to fear
Should UK interest rates rise (fingers x we don’t ever have a repeat of the 17% in the 70’s or 15% in the 80’s) then that's when IMO part prices will really increase. FYI Watching 3m sterling Libor is normally a good indication of whether the old lady of threadneedle will raise them....
With spare parts, there is the risk of a HMRC import duty tax hike... the unit cost itself should remain the same & only affected by FX rates.... which are driven by interest rates.... & as we have all those wonderful politician promises of continued free trade without EU import duties we obviously have nothing to fear
Should UK interest rates rise (fingers x we don’t ever have a repeat of the 17% in the 70’s or 15% in the 80’s) then that's when IMO part prices will really increase. FYI Watching 3m sterling Libor is normally a good indication of whether the old lady of threadneedle will raise them....
A
Anonymous
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For the E89 / E85 world the test will be how the new relationship affects cross border purchasing..today when I buy products from Europe they arrive in a few days, little postage charges and no VAT/customs..when I buy from US it takes weeks (Mostly held in UK customs) and costs double the US stated cost!
May mean more UK sourced products as they (UK suppliers) will have taken the pain..
IMHO its not going to be good news for us..its just a question of how bad..
May mean more UK sourced products as they (UK suppliers) will have taken the pain..
IMHO its not going to be good news for us..its just a question of how bad..
I dont think it will have any bearing on what BMW charge for their parts. they charge what they want
Take E89 roof Hall sensors as an example, if you look at the price list at launch they were $15, recently they are advertised at £240....i dont think Tariffs, VAT or import duties caused that....
Take E89 roof Hall sensors as an example, if you look at the price list at launch they were $15, recently they are advertised at £240....i dont think Tariffs, VAT or import duties caused that....
kinger said:
Not sure how BMW can justify raising prices from 15 to 240, unless someone screwed up and mistakenly priced them at 15 to begin with when they should have been 240 all along.
That way lies stress and madness. :wink:I beleive the great British £ Sterling has been under valued these last few years.
Whent we voted out the pouind went down to 1.02
Back in 1999 the pound was buying at around 1.5 € That's a huge differance. Now as things settle down the pound has been
recovering, today trading at 1.19. Nice.
Brilliant at work for me, i'm in international freight. My Clients pay me in pounds and i buy my haulage in euro's
Whent we voted out the pouind went down to 1.02
Back in 1999 the pound was buying at around 1.5 € That's a huge differance. Now as things settle down the pound has been
recovering, today trading at 1.19. Nice.
Brilliant at work for me, i'm in international freight. My Clients pay me in pounds and i buy my haulage in euro's
sunnydays said:
I can better that, I can offer £1050 :exitright:
North West Surrey
I can relate to that - I bought my 1st house in 1985 and interest rates were definitely in the mid-teens.
As for what happens now, I can see the Pound getting a bit stronger which is good news until the end of the year!
Then it depends what trade deal we get, but it won't stop us spoiling our Z4s. :wink:
As for what happens now, I can see the Pound getting a bit stronger which is good news until the end of the year!
Then it depends what trade deal we get, but it won't stop us spoiling our Z4s. :wink:
Mr Tidy said:I can relate to that - I bought my 1st house in 1985 and interest rates were definitely in the mid-teens.
As for what happens now, I can see the Pound getting a bit stronger which is good news until the end of the year!
I remember only too well those interest rates along with redundancy and three day weeks (in engineering)
As for the £/€ we are already 20% (ish) down before this brexit thing started - we have some catching up to do!
The pounds value against the dollar is a concern and its predicted to drop over the next few months as we go through the transaction period.
Of course as oil is bought in USD the lower our £ goes the more fuel prices rise.
I have also noticed my stocks have all lost value, pretty much everyone in the know reckons its a bad idea, guess we will have to wait and see.
I certainly won't be ordering anything from China though :chairfight:
Of course as oil is bought in USD the lower our £ goes the more fuel prices rise.
I have also noticed my stocks have all lost value, pretty much everyone in the know reckons its a bad idea, guess we will have to wait and see.
I certainly won't be ordering anything from China though :chairfight:
BRC said:
Tricky one as when interest rates rise in the U.K., the U.K. stock market goes down... with a US president that’s in the middle of impeachment... again a risky one where normally if everything is going to pot, US treasuries are the one to put your money.... but right now wouldn’t put them there either
Hey ho let’s blow the lot on some exotic cars...