The majority of drivers in the UK are worried about how global geopolitical and economic events are impacting the value and cost of running their cars, according to research from Close Brothers Motor Finance.
While ongoing turmoil in the Middle East has created volatility in global oil prices this year, the announcement of universal tariffs by the US on its trading partners in April has also significantly disrupted global supply chains. This left many industries seriously impacted, including the automotive manufacturing industry.
The effect on consumers’ confidence in the global economy is evident. Three in four (75%) UK drivers are concerned about how global and economic changes, including new tariffs, will affect the cost and value of their vehicles.
Of those surveyed, almost a third (30%) said they are extremely concerned, while 45% reported being slightly concerned about how rising tariffs and other global developments may impact the affordability and value of cars.
Among the top concerns of those surveyed include:
| Worrying about the future value of their car | 32% |
| Fearing they won’t be able to afford the car they want in the future | 30% |
| Anxiety about vehicle depreciation | 27% |
| Concerned about resale prospects | 18% |
| Fearing their car brand may go out of business | 17% |
| Worrying about the reputation of their current vehicle | 15% |
John Cassidy, Managing Director of Sales at Close Brothers Motor Finance, added: “2025 has arguably been defined by the seismic scale of its political and economic events across the world. Our research shows that the repercussions of these events are filtering down to UK motorists, including heightened levels of uncertainty and anxiety over the economy and personal finances.
“With so many of us relying on our vehicles for our livelihoods, worries over dramatic changes in running costs and vehicle values are natural, but dealers need to understand the impact on buying behaviours, and ensure their forecourts are stocked appropriately to account for this. With consumer confidence under pressure, dealers must offer reassurance through transparent pricing, flexible finance options, and strong after-sales support. Communicating value and trust will be key to winning buyers in uncertain times.”
