Crisis in Car Rental Sector to delay tourism recovery

ITIC has predicted that the lack of an adequate supply of cars on the rental fleet this year could lead to a serious loss of business, particularly in the peak season.

It has called on the Government to address the issue in the Finance Act by introducing three remedial self-financing measures:

– Postponing the proposed elimination of the Vehicle Registration Tax (VRT) refund.
– Introduction of a stimulus package.
– Extension of the scrappage scheme to 2010 registered cars coming off this year’s fleet.

CLICK HERE to download a copy of the Press Release. Or for a detailed report, Car Rental Shortage & Tourism, CLICK HERE.

March 9th 2010

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