Speaking after the release of CSO figures for February 2009 car market in Ireland, he said that they confirm that the trade 'is in freefall'.
"The Government needs to act urgently," he said. "From our point of view, an initiative like a scrappage scheme should be a 'no brainer'. The scheme would actually increase revenue for the government, secure jobs and act as a fillip to a key sector of the economy."
He noted that a similar scheme in Germany has brought a very positive effect in the last couple of months. "However, because of the nature of the Irish car market, it needs to be introduced sooner rather than later in the year. A later introduction would seriously minimise the value it could bring.”
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