Hyundai plans to repeat Brexit prep
09 June 2019
Hyundai is planning to repeat its Brexit preparation in case the UK leaves the EU without a deal later this year. The move will see the brand increase national stock levels by 50% in the run up to the end of October.
Speaking to sister publication Auto Retail Bulletin Ashley Andrew, Hyundai managing director, said: “Most manufacturers looked at their stock before 29 March. We built up a three month supply for a ‘what if’ scenario. In terms of October we are looking at replicating that, it makes good business sense. It should be easier as we’ve got more time to plan and that would take us to the end of the year. And once you’ve got to the start of a new year you can then look at what happened and how we need to respond.
“We typically run about two months’ stock.”
* Read the full interview with Ashley Andrew in this month’s Auto Retail Bulletin where he talks about Agency agreements and online retailing.