Dealers should consider their own inventory (cars & parts). Despite current reductions in domestic demand and consumer confidence concerns, will stock-building now (new & used) offer higher margin opportunities post-Brexit?
Dealers should identify the provenance of different parts (if possible) and prioritise the stocking of faster-moving parts/components from the EU or with significant EU content. Consider alternative UK sources (but check manufacturer standards).
This document provides possible/general perspectives for members to consider in the context of a no-deal Brexit. The precise scope of such an outcome is not clear and would, in any event, still result in huge uncertainty. This note does NOT constitute legal advice. It is not exhaustive. Members should seek their own legal advice (based on their own circumstances) before acting.