May 18, 2024

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Bad news for those who sell “berries” in company cars

Bad news for those who sell “berries” in company cars

The problem of company cars and their use is not only a problem in Greece, but other countries are also trying To control its use This is done in accordance with the relevant legislation.

Sales of luxury cars in Korea have been very successful since their introduction Mandatory green license plates For company vehicles.

The rule, which was implemented earlier this year by the Korean Ministry of Infrastructure and Transport, Aiming to reduce tax evasion By business owners who purchase luxury cars as company vehicles.

The distinctive green license plates required for company vehicles priced above $57,800. Serves as a clear sign of company ownership.

Previously, business owners could exploit vulnerabilities, Registering cars for relatives as company vehiclesthus reducing tax liabilities.

However, with the introduction of green panels, Such tactics are no longer sustainable, These compounds are easily identifiable and subject to control if used for personal purposes.

The impact on luxury car sales was severe. Bentley registrations fell by 77% in the first three months of 2024 Compared to the same period last year, Rolls-Royce and Porsche shares fell by 35% and 23%, respectively.

Lamborghini and Rolls-Royce also saw declines of 22% and 13%. In the Korean market during the same period.

A representative of a luxury car manufacturing company noted Negative perception associated with vehicles with green plateswhich are often associated with car rental or leasing, has reduced the interest of both buyers and business people.