Fewer people buying new cars this year means older cars will remain on the road at a time when the government wants them to be replaced by modern, greener versions.
The shocking sharp drop in new car purchases last month (down 17.3 percent) and year to date (87,075, down 3.6 percent) means fewer old, highly polluting bangers are being phased out of the national fleet.
People get excited when I mention “older polluters” and claim their old car returns better mpg than many of today’s “green” models.
Be that as it may, in individual cases the decline in CO2 values since 2000 shows that newer cars emit significantly fewer pollutants.
However, as fewer new cars are bought, the volume of older models increases proportionately. Here the government’s plans to reduce CO2 emissions are coming under pressure.
As planned, you cannot rehabilitate a car fleet of more than two million without a significant increase in new models. It just doesn’t happen. Thousands of buyers are putting off making a purchase decision because they are unsure of what or when to buy.
And if they know, they can’t get a car because the perfect storms hit supply.
This will cost them dearly in the long run. Regardless of the good price they can fetch due to high values for their trade-in, the cost of switching will increase every year.
Shortages, recession rumors accentuated by the war in Ukraine and the reality of rising interest rates are dampening purchasing plans.
The question is: are people buying early next year or are they waiting again for better economic conditions and real pick-up in buying? These are nervous times. There were high hopes for a brisk July 2022 and see what happened.
https://www.independent.ie/life/motoring/why-scarcity-and-confusion-are-storing-up-trouble-for-so-many-motorists-41893167.html Why scarcity and confusion trouble so many motorists