SIMI data states that 46,783 new cars were registered in the state from January to June 2009, down 62% on the same period last year. However, what is more staggering is the amount of imported used cars registered for the same period, 32,041.
For imported used cars to represent over 40% of all cars registered in the state, since the start of the year, shows that the current car market and the VRT system is not viable. Evidence of this fiasco is BMW's decision to offer nearly new UK registered cars here in Ireland through their BMW Sterling Collection programme.
Is there anything that can stop the flow of Irish consumers over the English channel ?
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