Irish Sales Expected to Slow Due to Forthcoming Tax Plan

Irish new-vehicle dealers can expect to see a dramatic slowdown in sales, as 42% of would-be buyers plan to put off their purchases until after a complicated new vehicle-registration tax is introduced in July, a study by the National Irish Bank finds.

The new tax rates involve a graduated system based on a vehicle’s carbon-dioxide emissions. Those consumers that buy before the VRT goes into effect will end up paying thousands of dollars more in taxes over the life of the ...