Brexit is just around the corner, and whilst it is unclear as to what deal, if any, we will end up with, it is important understand how this will impact you ordering your new lease vehicle.
There are lots of things that are uncertain for Britain the coming months, and we are not here to look at them all or debate the politics, but instead focus on how Brexit is going to affect the UK car industry and ultimately what this will do to you when you are looking for your future lease vehicle.
Already, major vehicle manufactures are already cutting thousands of jobs. This month (January) Jaguar Land Rover (JLR) announced that they are cutting 4,500 jobs across the world, with UK management roles being most affected at their sites in Coventry and Gaydon. Factors that have led to this decision include a decline in Chinese demand, along with people not wanting diesel engines. Of course, the sense of the unknown around Brexit has played a vital role in this. Shadow business secretary, Rebecca Long-Bailey, responded to JLR's announcement by stating that the government needs to bring an end to the uncertainty of Britain's departure from the EU.
“This is more concerning news for workers across Jaguar Land Rover today, who have suffered months of uncertainty, not least as a result of the government’s Brexit chaos,” she said.
With more and more people opting to take out a lease on an Electric or Hybrid vehicle, JLR have invested hundreds of millions of pounds in producing electric drive units which will be produced in Wolverhampton, along with a new battery plant which will be in Birmingham at Hams Hall. The latter will be up and running fully by 2020.