BREXIT FEARS FOR KERRY CAR DEAL­ERS

UK IM­PORT SALES IN­CREASED BY OVER 50 PER CENT - JOHN BRASSIL

The Kerryman (North Kerry) - - FRONT PAGE - By DÓ­NAL NOLAN

THE car in­dus­try in Kerry and across the coun­try is on the brink of a ma­jor cri­sis as im­ports from the UK sky-rocket thanks to a se­verely weak­ened ster­ling.

It’s a trend that ap­pears to be get­ting more en­trenched, with UK im­ports in­creas­ing by 53 per cent be­tween 2015 and 2016 alone. To date this year nearly as many cars have been im­ported into the coun­try as were in the en­tirety of 2016.

The fig­ures were ob­tained by Kerry Fianna Fáil TD John Brassil who is now warn­ing of a ‘se­ri­ous cri­sis’ com­ing down the line for the mo­tor in­dus­try in Ire­land.

In 2015, 45,454 ve­hi­cles were im­ported into the State from the UK, with 69,571 reg­is­tered in 2016, fig­ures Min­is­ter for Fi­nance Paschal Dono­hoe re­leased in re­sponse to a ques­tion from Deputy Brassil re­vealed. This year, 69,439 UK im­ports have al­ready been reg­is­tered in Ire­land in a wor­ry­ing sign that the trend is ac­cel­er­at­ing.

“By the end of Septem­ber, nearly the same num­ber had reg­is­tered as in the whole of 2016. This is a di­rect re­sult of the col­lapse in ster­ling fol­low­ing the de­ci­sion of the Bri­tish peo­ple to vote to leave the EU,” Deputy Brassil said.

“Ir­ish car deal­ers, new and se­cond hand, are very fear­ful about what this surge in im­ported cars will re­sult in. Even with pay­ing VRT, it is in many cases, cheaper to travel to the UK and pur­chase a car there. The net re­sult is stag­na­tion in the sales of new cars and the bot­tom fall­ing out of the se­cond hand car mar­ket. Min­is­ter Dono­hue must ur­gently con­vene a meet­ing of stake­hold­ers in the in­dus­try to de­velop a re­sponse to this wave of cheap cars with thou­sands of in­dus­try jobs now at risk.”

Fianna Fáil TD John Brassil

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.