'No negative taxation decision on VRT, road tax or fuel' in Budget - motor industry urges Government
THE Government is being urged to steer clear of ‘negative’ car taxation measures in the Budget as new registrations decline and used imports soar.
New-car registrations for last month are down 21pc to 5,754 and are trailing year-to-date by 10pc (124,711).
But imports are up 40pc (62,161) so far in 2017 and are hitting secondhand car prices and new vehicle sales, according to the Society of the Irish Motor Industry (SIMI).
Its deputy Director General Brian Cooke says: “Our message to the decision makers is simple with this declining market. There should be no negative taxation decision on VRT, road tax or fuel.”
He says the motor Industry is already “focused on offering alternative fuel solutions” and claims the government can encourage people to avail of them through a variety of incentives.
“Some car brands have already rolled out their own initiatives to encourage the removal of older vehicles with the purchase of new cleaner cars.”
The top selling brands so far this year are: Volkswagen, Toyota, Ford, Hyundai, Nissan.
The biggest selling models are: 1. Hyundai Tucson, 2. Nissan Qashqai, 3. Volkswagen Golf, 4. Skoda Octavia, 5. Ford Focus