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

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.