Eamon Scanlon (Sligo-Leitrim, Fianna Fail) | Oireachtas source

In 2015, there were 44,300 owners of cars more than ten years old. In 2018, the number had increased to 139,300. There are many reasons for the increase, one of which is affordability because people cannot afford to change their cars as often. Another is that with the quality of cars today, if they are serviced and looked after, means that ten, 12, 14 or 15 year old cars can work perfectly. The insurance companies have been mentioned. The Insurance (Amendment) Bill must come before the House in order that we can debate this issue. Insurance companies have been ripping people off for too long and it is costing jobs. If they get their way on this issue, it will close down small garages throughout the country and cause a loss of revenue for the Exchequer. It will also devalue other people's cars because if cars are scrapped at ten years, no one will buy an eight year old car. This policy is having a serious knock-on effect.

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