According to car finance news today, pressure is being stepped up in Ireland to introduce a car scrappage scheme. Twenty Fianna Fail backbenchers are set to lobby the Finance Minister Brian Lenihan.

The scheme has been successful in the UK, bringing new car sales up month by month. At this stage, Ireland is being accused of doing nothing in relation to rescuing their car industry. As well as the car scrapping scheme, politicians called for a reduction on top VAT rates.

Mr. Sean Connick was reported as disagreeing with economist standpoints on the car market . He reportedly commented: I absolutely disagree with their stance on that to a point where I'm absolutely convinced they're wrong. That's how strong I feel about it. I just can't get my head around the do-nothing syndrome. I just don't think you can operate that way. My job as a backbencher is to convince Brian Lenihan that if we are making all of these cuts, we have got to be stimulating the market on the other side.