Thursday 22 February 2018

End of the scrappage scheme blamed for fall in new car sales

New-car sales fell by 14pc in the first half of the year, writes Mark Hilliard.

According to latest figures from the Society of the Irish Motor Industry (SIMI), there were 10,422 fewer cars sold by the end of June than there was for the same period last year.

It also revealed that last month alone experienced a drop of 42pc in new car sales on 2011.

However, SIMI general director Alan Nolan said that this was largely due to last June being the final month of the government 'scrappage scheme' which offered owners a financial incentive to replace old cars with new models.

Last year, the scheme was responsible for the sale of around 12,000 vehicles.

Commenting on the disappointing figures this year, Mr Nolan said protecting jobs was now a key challenge for the industry.

Indo Motoring

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