AM Online

Dealers say Budget must boost confidence - and freeze fuel duty

Used car dealers are urging the chancellor to ease the financial burden for the motorist and boost consumer confidence by freezing fuel duty in next Wednesday's Budget.

In a survey of HPI's customers, 82% of respondents echoed the Society of Motor Manufacturers and Traders' call for “positive government action” and a freeze on fuel duty.

46% of respondents also felt that a freeze on Vehicle Excise Duty was a priority.

39% are also looking for financial support from the Government to help stimulate growth.

However, only 26% of dealers thought the scheme should be re-instated, despite its success in 2009/2010.

69% of those surveyed confirmed that the VAT rise had damaged their business, of those 29% say it has had a dramatic negative impact.

A further 19% said that although their business had not been affected by the VAT change, they do think this will change in the longer term, resulting in a fall in profits (70%) and lack of new car sales (45%).

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.