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Motor industry agonises over stimulus for industry national |
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 Monday February 02, 2009 11:47 by Steerpike steerpike at lookout dot ie
 With increasing numbers choosing not to buy new cars here, or going north in search of second-hand bargains, there has been much discussion in the Irish motoring industry as to how a moribund market might be revived. The obvioius option: scrapping excise duty on cars (or Vehicle Registration Tax) is the elephant in the room that has been studiously ignored. There has been much lately in the papers about this issue. For instance, in last Wednesday's Irish Times "Motors" supplement, many commentators within the industry discussed how their crisis-hit industry might best be boosted. Today, SIMI are holding a press briefing on the same issue. They, and other industry figures, have thus far proferred options such as a new scrappage scheme, and reducing VAT to match the UK's 15% rate - hence reducing the differential between this jurisdiction and Northern Ireland.
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