Kia Motors (UK) has announced plans for a “minimal” price increase from 1 April, citing the falling value of the British pound.

The 3% is range-wide excluding recently launched Soul and Magentis models.

Managing director Paul Philpott said: “We have held off on an increase for as long as possible and did not make any pricing changes during the first quarter. The increase we are making now will be kept to an absolute minimum and still maintains Kia’s competitive position in the market.

“This has come about purely as a response to the weakness of the pound, and strength of the euro and dollar which have impacted on Kia Motors (UK) and the whole industry in recent months.”

Ford has also announced price rises for the second time in two months.