Brexit tariffs force Ford to hike prices of several models in UK

The price increases went into effect in late December, just before the accord took effect January 1.
By : Bloomberg
| Updated on: 14 Jan 2021, 09:23 AM
Ford has raised prices for two of its performance-car models in the UK, citing tariffs stemming from the Brexit trade deal. (AFP)
Ford has raised prices for two of its performance-car models in the UK, citing tariffs stemming from the Brexit trade deal. (AFP)
Ford has raised prices for two of its performance-car models in the UK, citing tariffs stemming from the Brexit trade deal. (AFP)
Ford has raised prices for two of its performance-car models in the UK, citing tariffs stemming from the Brexit trade deal.

Ford Motor Co has raised prices for two of its performance-car models in the UK, citing tariffs stemming from the Brexit trade deal.

The base price of the Puma ST crossover is now 30,415 pounds ($41,600), the British magazine Autocar reported Tuesday, a roughly 6% increase from when the model was made available to order in September. The cost of the Fiesta ST also has gone up to as much as 28,770 pounds.

The models fall short of requirements established by the trade agreement between UK and European Union, according to a Ford spokesman. The accord’s rules-of-origin provisions require that gasoline- and diesel-powered cars have more than 55% of content coming from the country or bloc in order to qualify for tariff-free access. The Puma ST and Fiesta ST source their engines from the US.

Trending Cars

Find More Cars

The price increases went into effect in late December, just before the accord took effect January 1. The hikes won’t significantly impact Ford’s overall sales, since regular versions of the Puma and Fiesta aren’t affected. ST iterations of the Fiesta were just 5% of deliveries last year, and the company will start handing over Puma ST to customers this quarter.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on
First Published Date: 14 Jan 2021, 09:03 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city