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Will buying a new car in September be more expensive because of the exchange rates?

Following Brexit, exchange rates have taken a big hit, with the Euro now about 15 per cent more expensive. I'm not sensing that this has found its way through into new car prices just yet, presumably because importers will have hedged their currency purchases some way forward. I'm thinking of buying a new, facelifted BMW 440i in September. Would you anticipate a price hike in that period and should I therefore aim to buy sooner rather than later?

Asked on 9 March 2017 by b6waf

Answered by Honest John
I think you're right, but how much of a hike they can impose will depend on what the market will stand. It might be like chocolate bars. They leave the prices the same but decrease the discounts. I think you will pay 7 -10 per cent more when you go to buy than a transaction price now. Everything goes up from 1 April anyway because first year showroom tax goes up. For a 440i manual at 179g/km it goes up from £345 to £800. For a 440i auto (curiously at 159g/km?) it goes up from £180 to £500.

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