2016 was a record year for new car sales according to the Society of Motor Manufacturers and Traders (SMMT) with sales 2% higher than in 2015, the previous high. However, the SMMT are predicting a weaker performance this year thanks in part to the falling value of the pound pushing up domestic prices. More than 85% of UK cars are imported, the loss of access to the single market could see some cars gain over £1,500 in price.

To read the report by the SMMT, please click here.

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