Total registrations of motor vehicles increased by 31.7% in the first quarter of 2007 to 16,325, compared with 12,395 vehicles in the same period of 2006. The boom has come as a result of wide-ranging cuts on all car duties implemented in late 2006.
The government’s cut in excise duties was prompted by the need to cut import taxes on second hand cars after the European Commission said that the high duties on second hand cars were unjustified.
Registrations of private saloon cars increased by 31.6% to 12,262, from 9,316 in January-March 2006.