2 July 2014

4,000 cars expected to be sold this week

Yesterday was the first day of the new '142' registration plate, which means a new registration period for new car sales, writes Trish Whelan.

Around 4,000 new cars are expected to be sold here this week.

The 141 new car registration period that finished at the end of June was up 12,451 cars (+23%) on the first six months of 2013.

The Industry will be watching the early July registrations closely and there is a good deal of confidence that the numbers will remain ahead of last year's for the second half of the year as well. The Industry is anticipating that this may well be the best July for new car sales since 2008.

Last year, the firs tear of the dual registration plate, saw almost 12,000 cars sold in July alone, 18 percent of the total cars sold in 2013.

Car sales in June, which were expected to be slow in advance of the 142 plate, held steady at 1,689, an increase of 1 percent on June 2013.

So far this year, 65,715 cars have been sold, up by 23 percent on last year.

Alan Nolan, Director General, SIMI, says dealers are expecting 'a busy July'. He said the Motor Industry is in a better position than last year, consumer finance is more readily available, retail consumers are returning to the market, and there are strong offers from all Brands for the July 142 plate.