Why cheaper pound doesn't work out to cheaper UK cars in S'pore

Singapore

THE slump in the pound sterling is not going to mean cheaper British cars; on the contrary, it may lead to higher prices, say some dealers.

"We deal in Sing dollars, not the pound," says a spokesman for Wearnes Automotive, whose British brands include Jaguar, Land Rover and Bentley. He explains that this is because the respective national sales companies are the importer of the cars here, not Wearnes.