Industry body warns tariffs would add £5bn to cost of 2.7m vehicles, with average price rising as much as £2,700 in EU

The average cost of a car from an EU country could rise by £1,500 in the event of a no-deal Brexit, the UK’s automotive trade body has predicted.

The Society of Motor Manufacturers and Traders warned that leaving without a deal was “not an option” for the automotive sector, which supports more than 800,000 jobs in the UK.

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Read More No-deal Brexit to fuel £1,500 rise in cost of EU car in UK, says motor trade

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