SIMI call for scrappage scheme to boost motor industry

The Society of the Irish Motor Industry (SIMI) has called for the Government to reinstate the scrappage scheme in the upcoming Budget for motorists in order to boost the motoring industry.

Alan Nolan, Director General of the SIMI, the introduction of a new scrappage scheme would benefit the Government as well as the motor industry by generating additional tax revenues from car sales, while also safeguarding jobs within the industry.

This year to date shows a drop of 17.5% in total new car registrations according to recent SIMI statistics.

The impact of this dramatic decline in car sales is being felt with the loss of jobs within the industry.

The recent IIEA report launched by Minister John Gormley highlighted the necessity for Ireland to step up its efforts to reduce its carbon emissions.

The SIMI’s Director General Alan Nolan points out that an environmentally focused scrappage scheme would be an excellent opportunity for the Government, the Motor Industry and motorists to work together to make a ‘greener’ choice by incentivising the trade-in of cars over ten years old against a low emissions new car (Categories A. B and C) which would help in the drive to reduce CO2 from cars in use on our roads.

Such an initiative would “kick start” the new car market and would help give a much needed boost to consumer confidence.

Mr Nolan said: "It is undoubtedly a changed and challenging market place for our members and we are certainly feeling it. We are strongly urging the Government to take into account the difficulties that the motor industry has suffered this year, following the changes to VRT and road tax and to look at adopting this creative approach which would deliver increased VRT and VAT revenues while helping the sector to recover in terms of sales in the first half of next year."

More on this topic

Budget measure forces just five tax exiles to payBudget measure forces just five tax exiles to pay

Exchequer figures show €18.7bn budget deficit

Emergency Budget measures come into effect

Varadkar: Mortgage relief controversy shows Cabinet incompetenceVaradkar: Mortgage relief controversy shows Cabinet incompetence

More in this Section

Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel falloutBerlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout

Ictu head Patricia King warns Paschal Donohoe against cutting €350 pandemic paymentIctu head Patricia King warns Paschal Donohoe against cutting €350 pandemic payment

Engineers want the Government to increase spending to stimulate the economyEngineers want the Government to increase spending to stimulate the economy

Office supply wholesaler Spicers Ireland is rescued from liquidationOffice supply wholesaler Spicers Ireland is rescued from liquidation


Lifestyle

The phrase “dupe”, short for duplicate, is used in online beauty communities to signify that a product is similar to a more expensive counterpart.The Skin Nerd: Products with star power, without the Hollywood price tag

Struggling to stick to your work routine at home? You’re not alone.10 tips for greater productivity working from home

Relaxing the rules at home has helped Karen Koster and her young family to get through lockdown, says Helen O'CallaghanEasy does it: Relaxing home rules the 'perfect tonic for kids'

Parents who homeschool must feel very confident of their choice these days, surely this global event will add to their number even after schools reopen. Their pioneering spirit isGet the Look: The eco-friendly beauty products you need to buy now

More From The Irish Examiner