Figures show that the Irish car market figures are 24% up year-on-year
Figures released by SIMI (Society of the Irish Motor Industry) in the last 24 hours show that May 2014 figures are coming in 6% higher than statistics from May 2013. Although the growth isn't as large in comparison with other months up until now this figure is quiet healthy especially when you consider that many buyers will undoubtedly be holding off until the 142 plates are available from July 1st.
According to SIMI new car sales figures for Ireland are currently 24% up year-on-year. Between January and the end of May 2013 51,556 new cars were sold, this years figure is a much-more impressive 64,031.
The quickest selling brands so far in 2014 are Volkswagen, Toyota and Ford, while the top selling models are the Volkswagen Golf, the Nissan Qashqai and the Ford Focus.
Alan Nolan, Director General of SIMI, said, "A bit like the property sector, which is seeing an increase in demand for new homes, many consumers now appear to be better placed financially to re-enter the new car market having been out of the buying cycle over the last number of years."
"June is likely to be a quiet month with July being a crucial period for the Motor Industry. The second year of the new number plate, new car enquiries in dealerships are very strong at the moment and should translate into a busy July."
Alex Todd Brand Manager at Its4women commented "When we take into account the fact that January is traditionally by far the biggest month of the year in Ireland (it accounted for 1/4 of annual sales in 2013), we can safely say that 2014 is going to be a great year for new car sales in Ireland."
Please share :)