Official statistics released by the Society of the Irish Motor Industry (SIMI) show that new car registrations for the month of August, were down 21% (5,754) when compared to (7,297) August 2016, while new cars registrations year to date are down 10% (124,711) on the same period last year (138,504).
SIMI Deputy Director General, Brian Cooke, has called for no negative decisions in Budget 2018. “Our industry continues to experience a direct impact from Brexit in the marketplace. Used car imports for the month of August increased by 31% (8,451) while year to date have increased by 40% (62,161) and these numbers have a knock-on impact on used car values and new car sales volumes. The 1st of September marks the commencement of new EU Emissions testing regime (WLTP) for new cars which will bring more accurate information for consumers on emissions and fuel consumption. Ahead of Budget 2018 our message to the decision makers is simple with this declining market there should be no negative taxation decision in relation to VRT, road tax, or fuel. Some car brands have already rolled out their own initiatives to encourage the removal of older vehicles with the purchase of new cleaner cars.”
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