Consumers waiting for VRT changes before purchasing new cars

A new survey from National Irish Bank reveals that 42% of Irish consumers who plan to buy a car in 2008 will wait until the new Vehicle Registration Tax (VRT) and motor tax regulations announced in the recent Budget take effect in July.

The survey also shows that consumers are getting ready for the move towards energy-efficiency with 72% stating that following the introduction of the new regulations, they are likely to, or will definitely consider buying a diesel-powered car rather than a petrol-powered car, thereby decreasing their CO2 emissions.