If they could sell the cars elsewhere I'd agree...but with discounts north of 20% on many models all year I'm not sure they can.... Certainly fears over banks in the EU zone makes it unlikely they'll be able to increase volume hugely in the rest of Europe. China is growing, but more slowly. And they manufacture many models in country. The US is showing signs of growth, so that's an option, but that's a pretty mature market for them with a squeezed middle class. And of course Trump could put an end to their growth ;)
Maybe I'm too relaxed, but people want to buy stuff. And people make stuff. In most areas there's always been a little bit more supply than demand... Demand in the UK might well drop, but that'll have a limited effect globally. It will be more significant for some sectors, and that's a problem. The big unknown though is not now or next year, or even the year after that, but in 5 or 10 years. We'll probably be worse off (excepting all the retired baby boomers on final salary pensions who voted 'out' :p), but we might not be.
|
