New car sales continue to grow

Figures released today from the Society of the Irish Motor Industry show that new car sales continue to show signs of growth, with the month of November registering a 12 percent (782) increase compared with this month last year (701).

Total new car sales of 95,989 show an increase of 30 percent on 2013 (73,454).

The Commercial Vehicle market has seen significant growth with light commercial/van sales up 57 percent for November (602) compared with November last year (384). Sales in this sector are up 51 percent (16,501) for 2014 overall in comparison to 2013 (10,939). While HGV registrations are down for November, they continue to remain ahead at 20 percent year to date. Figures show 1996 vehicles sold in 2014 compared to 1670 sold in 2013.

Commenting, Alan Nolan, Director General SIMI (pictured) said the outlook for 2015 'remains one of emerging recovery in the Sector as increased sales from the Industry will continue to make a significant contribution to employment figures and increase finance for the Exchequer'.

He said the Industry continues to be optimistic for 2015 as SIMI members report strong consumer interest in 151 orders, highlighted in particular at a number of local motor events recently held around the country. "We are confident that this consumer sentiment will be reflected in registrations for 2015 particularly in light of the strong offers from all manufacturers available to New Year purchases," he added.

The most recent report from the Consumer Price Index confirmed that there was a 'reduction in the price of motor cars' along with 'lower petrol and diesel prices'.