IRELAND: SIMI calls for scrappage scheme
Ireland's new car market has declined 18.6% over last year in the first 11 months of the year to 151,426 units, according to data released by the Society for the Irish Motor Industry (SIMI). The November car market was a whopping 55% down on last year to just 644 units.
SIMI is now calling for the introduction of a scrappage scheme.
SIMI said a scrappage scheme would help remove high-polluting vehicles from our roads and would assist the Government in achieving its target of reducing Ireland's carbon emissions by 20 per cent by 2020.
"Incentivising consumers to trade in their car if over 10 years old against a new low-emissions model will not only boost consumer confidence and benefit the industry but will provide the Government with increased revenue," it stated.
Ireland has seen scrappage incentives before in the mid-90s and they did provide a short-term boost to the market and net the government increased taxes from higher vehicle sales.