The average tax on a standard new car is €15,000. A €3,000 reduction would still mean a €12,000 tax on 10,000 cars, which is €120 million in extra taxes for the government. “One new car sale can also generate two or three other [used] car sales [because people trade in]. Typically, some 25,000 new cars would be sold here in July, with Hyundai claiming a 10 per cent share of the market. “Social distancing is beyond doable in a car sales showroom,” he said, adding that the Government should allow showrooms to open next Monday when after sales are allowed to restart.

Source: The Irish Times May 13, 2020 17:35 UTC