Director General Of SIMI: Supply Issues Are Not The Sole Cause Of Car Sales Dropping
Supply issues are not the sole cause of car sales dropping, according to the Director General of The Society of the Irish Motor Industry.
While the pandemic’s impact is a massive factor, a huge shortage of semiconductor chips is said to be slowing the global supply chain.
This is driving the demand and the cost of used cars up.
Brian Cooke says there are many reasons not to buy a new car in Ireland:
“The taxation system in Ireland that disincentives customers from buying new cars. We were closed down for part of the pandemic. New Car sales fell back. They recovered slightly last year and this year, we’re probably looking at a new car market similar to 2019. But you mentioned the challenge with the semiconductors; I think that problem won’t unwind itself until the second half of the year so we could see a better spread.”