Classic car industry fears Trump and Brexit roadblock

  • 📰 BBCNews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Classic car sales have slowed sharply, as President Trump ponders tariffs and Brexit hits confidence.

"When you get to tariffs, right now the importation rate to the US on a classic car, or classic car parts is 2.5% [the same as for new cars and parts]," says Rory Jurnecka, features editor at US publication Automobile Magazine.

But President Trump's tariff threat is not the only issue causing the classic car industry anxiety. The UK's continuing Brexit uncertainty is another factor said to be weighing down heavily on the sector. Yet despite all this doom and gloom, others say that the classic car industry will remain strong, despite current twists in the road. One such person is avid collector Rodger Dudding."I think at the last count I have something like about 430 classic motor vehicles," says the 81-year-old multi-millionaire."If you look at modern day cars, this model or that model, they're all so similar, and they're boring. They don't have personality.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

so the gap between the rich and poor slowing down a tad-don't worry your little cotton socks, it's still there darlings.

so based on two imaginary things that didnt happen then? BBC journalism at its most spurious

Might just be bump in the road.

fuk the classic car industry - there’s more pressing matters 🙄

Businessman in New York blames Brexit!!!! Does the BBC realise how stupid they sound these days?

Brexit hits confidence? Huh? You mean when Parliament overturns the Brexit vote?

What a ridiculous article.

What?

Ireland Ireland Latest News, Ireland Ireland Headlines