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Car imports soar as euro holds steady 13.01.09

DRIVERS are importing Northern cars into Inishowen and wider Donegal at a rate of around 50-a-day as the euro holds firm against sterling, unofficial figures show.
While anecdotal statistics conflict dramatically with the official Revenue numbers, it would appear that trading up with an import is replacing the brand new car for cash-strapped drivers in the peninsula.
On one day alone, between 80 and 90 used cars were imported from the North into Donegal - with a daily average of around 50, sources have claimed.
Revenue statistics, however, show that in the first seven days of January 2009, a total of 90 used cars were imported through the VRT office in Lifford.
A Revenue spokesperson could not confirm how many of the cars were imported from the North or Britain.
"We cannot give an exact breakdown of the registrations from Northern Ireland but it would be safe to assume that the majority (of the imports into Donegal) came in from the North," said the spokesperson.
Applying a random average of €3,000 VRT duty per car, Revenue would earn around €270,000 for a total of 90 cars imported into Donegal.
The spokesperson also confirmed that just 120 brand new cars were registered in Donegal in the first seven days of the new year.
This is a major drop from the same period last year when closer to 700 new cars were registered in the county.
It also mirrors the national trend which shows that so far around 5,500 new cars have been registered nationally compared with 17,000 in the same period in 2008 - a staggering 67% fall.
Meanwhile, a recent ten-day crackdown on vehicle registration tax (VRT) evasion resulted in the seizure of 140 vehicles as well as fines for motorists amounting to nearly €500,000. Revenue conducted the State-wide VRT blitz in association with their colleagues in Customs. Just under half of the operation was concentrated in the border counties including Donegal, with 11% taking place in Dublin. Vehicles imported into the Republic should be registered and VRT paid by the end of the next working day.
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