Constantin Stroe, head of the association of automotive manufacturers in Romania ACAROM and Dacia vice-president, proposed the Finance Ministry representatives to introduce zero VAT for the acquisition of new cars to support sales increase, who were reluctant to the measure.
Romanians prefer to buy used cars due to their lower price, as only one quarter of the 290,000 cars registered last year were new cars, while the “First Car” lending program proved to be impractical due to bureaucracy, according to Stroe.