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Tag Archives: budget submission

Consumers support motor industry swappage scheme

Consumer research has shown emphatic support for the Society of the Irish Motor Industry’s (SIMI) Budget submission scheme, Swappage, which proposes a reduction of €2,000 in VRT for any new car purchased in 2014 when a car aged 6 years or older is traded in. The research, conducted by Ignite Research, shows that 78% of people would be likely to purchase a new car if a new scheme was introduced to reduce the cost. The average discount that would be expected by consumers is €3,087. Alan Nolan, Director General of SIMI said; “There has been an extremely positive reaction since we proposed Swappage for this Budget. There is an overriding consensus that this works for everyone, the government, the industry and as this research shows, the consumer too. “The proposal would reduce the VRT by €2,000 on a new car with a trade-in of six years or older. However, the feedback we have had from manufacturers and dealers is that …

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