Toyota: Disruption of Trade Following Brexit ‘Biggest Concern’

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Automaker joins others in warning of potential negative fallout if no-deal Brexit becomes a reality starting this April.

Over the past couple of years, the United Kingdom has been working slowly towards leaving the European Union to stand on its own, otherwise known as Brexit. Since the day the gears were set into motion, the potential for disaster in the transition has grown.

One of those disasters involves the automotive industry. According to Bloomberg, Toyota is the latest to join a handful of automakers with European and British bases to warn of possible disruptions in trade should a no-deal Brexit occur at the start of April 2019. According to a study conducted by IHS Automotive, Brexit might ultimately cost vehicle manufacturers more than $2.8 million in sales in the next two years.

Toyota Hilux Invincible

“We’ve always believed that, as a company, we believe in free trade,” said Toyota Motor Europe CEO Johan Van Zyl. “In Europe, for instance, we are not a big exporter of vehicles. We are supplying mainly the European market. From that point of view, our biggest concern, of course, would be any trade issues between the U.K. and the European market in the future. That will have a big impact on us.”

2019 Toyota RAV4

Toyota’s partner, BMW, is planning to move some of its vehicle production from the U.K. to Europe should things go south on Brexit. CEO Harald Krueger added that his company has gone as far as to stockpile parts “in case of a disruption in our supply chain.” Build reserves range from two days to a weeks worth, depending on the part.

Whatever happens, Toyota will be able to sell its Hiluxes, RAV4s, and C-HRs in mainland Europe with little issue.

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Since launching her professional writing career nearly a decade ago as a fashion blogger, Cameron Aubernon has written for a handful of online and print publications on a wide variety of subjects, including expat issues, fashion, music, and, of course, the automotive industry. The automotive expert was even the editor-in-chief of a popular online lifestyle publication, where she reviewed luxury cars and interviewed fellow automotive enthusiasts.

A graduate of The Evergreen State College Class of 2005 with a bachelor's in liberal arts, Aubernon took a left turn from fashion writing into the automotive realm when she asked a fellow writer via Facebook if she could write for their site. Following an internship, stints with a couple of hyper-local online publications, and a move to Seattle, she made her then-biggest impact with The Truth About Cars, writing full-time for the publication from 2013 to 2015.

Currently, the highly-regarded automotive journalist is a frequent contributor to the high-traffic Internet Brands Auto Group websites Rennlist, Club Lexus, LS1Tech and Mustang Forums, among others.

Aubernon’s expert knowledge of all things Ford trucks has also made her a mainstay as one of the most prolific writers on Ford Truck Enthusiasts and F-150 Online.

Aubernon can be contacted via email at [email protected].

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