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New car sales fall 26.5% on back of latest lockdown Car companies call for VAT reduction to run until June
Mon, Jan 11, 2021, 11:15 Updated: Mon, Jan 11, 2021, 11:27
New car sales were down 26.5 per cent over the first 10 days of this year, hit by Covid restrictions and delays due to the administration of new Brexit rules.
In what is traditionally the busiest sales month of the year, 9,765 new cars were registered in the Republic by January 10th, down 3,523 on the same period last year.
The latest Covid-19 lockdown means dealer showrooms are closed, with sales restricted to click-and-deliver operations, although servicing departments remain open. Most of the new cars registered would have been on order by customers from the end of last year.
Volkswagen calls for VAT cut extension
Volkswagen MD says VAT cut should be extended to June.
Volkswagen Group Ireland is calling on the Irish Government to extend the current cut in the VAT rate in order to help struggling car dealers.
Keep the VAT cut till June
With sales in freefall, thanks to the current COVID lockdown (following a 2020 where new sales fell by 24 per cent) Volkswagen reckons that the temporary cut in VAT from 23 to 21 per cent should be kept going until June. As of right now, it s due to revert to 23 per cent at the end of February.