Budget brings a mixed bag for motor industry
Published 12/12/2012 | 15:15
A SILVER lining for the motor trade emerged in Budget 2012, one which Dundalk's new Kia dealership are hoping will rejuvenate the industry.
Business partners Eamon McCartan, Noel Neary and Derek Malone, found a silver lining of their own after becoming victims of the recession earlier this year.
Former staff members at Rice and Roddy on the Newry Road, they faced a bleak future when the dealership closed. But they have now reopened with a new Kia dealership and taken on four former members of staff again.
The budget was timely, said Eamon, as it brought some much needed change to the motor trade.
' The industry has been calling for this dual registration for many years, so it will be a new system that we certainly hope will help.'
From January 2012, new car registrations will be 131-LH for the first six months of the year. Cars sold from July onwards will be registered 132-LH.
' This will be the same every year going forward, and we certainly hope it will bring some stability. At present the bulk of sales could be in the fist half of the year as a result of registration in January. This left the last quarter of the year extremely difficult.'
He admitted that the increase in motor tax and VRT will be a added burden to drivers.
'It was a tough budget overall, especially with the road tax going up at a time when people are struggling. One aspect of the VRT increase is that the value of second hand cars might go up.'
' The motor trade has faced an extremely tough few years, so there is a hope that after this year there will be some consistency in order to stabilise the industry.'