Motorists looking to purchase a new vehicle are being urged to buy it now while they are being offered at bargain prices despite a large number of Brits being out of pocket, it has been revealed.
According to an auto dealer website, car and van insurance customers may soon struggle to meet the costs of a new vehicle in the future as prices are expected to increase.
The website stated that the decreasing value of the pound could leave manufacturers increasing the cost of importing the vehicles to traders and dealers, which will have a knock on effect on the prices of the vehicles.
Experts believe that the cost of vehicles will soar in order for dealers to recover the costs.
Yet despite Brits being in debt, the firm warned however, that van and car insurance customers should “be quick.”
Manufacturer Ford has already increased its prices by an average of 3.5 per cent which will take effect at the end of the month.
Managing director Nigel Sharp, of Ford of Britain, warned that this was "not the end of the story" as other manufacturers are expected to follow.
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