24 August 2012

Car prices 'to rise' in 2013

Car prices are headed for a substantial rise in 2013 according to a highly-connected Irish motoring journalist.

Speaking today on RTE's Morning Ireland, publisher of Auto Trade Journal Padraic Deane said there will be rises in VRT, and the current CO2 taxation system will be modified, to provide for four different Band A categories.

He said the move will push up prices by 'a fair bit', and that he has had the situation confirmed 'from both sides of the fence', although at Government level it has had to be unofficially.

He also revealed solid plans for a change in the system of car registration, both to even out car sales through the year and to deal with a perceived reluctance over buying a car with a '13' plate.