Readers like you keep news free for everyone.
More than 5,000 readers have already pitched in to keep free access to The Journal.
For the price of one cup of coffee each week you can help keep paywalls away.
AP/Press Association Images
new Mercedes B Class car
# Beep beep
We're buying a lot of new cars... the most since 2009
It’s the first time in 5 years new car sales have reached over 95,000.
SO FAR THIS year, over 95,217 new cars have been sold. This is the first time in five years that new car sales have reached 95,000, according to the Society of the Irish Motor Industry.
The latest figures released today show that this is an increase of 30% on 2013 figures (73,454).
Car sales are up 21% for the month of October in comparison to this time last year, from 1,692 to 2,042.
Low base
Alan Nolan, Director General SIMI said while the new car sales figures are encouraging, they were starting from a very low base.
“For sustainability the new car registration market needs to be operating at an annual level of 130,000 however these figures are a sign of continued progress and that sales are currently moving in the right direction.”
The Commercial Vehicle market is also on the rise, with light commercial/van sales up 51% (15,900) this year in comparison to 2013 (10,555).
For the month of October, there were also strong sales increases in this sector with 1,370, up 79% compared with October last year, which stood at 766.
Heavy Goods Vehicle registrations are also up 12% for the month of October and 23% for the year to date.
“The positive registration figures for all sectors is a welcome sign of recovery for our Industry particularly the light commercial registrations indicate a more general recovery in the wider economy,” said Nolan.
Read: “Why do you have euros?” The head of the IDA was asked some truly bizarre questions on CNBC today…>
Review: Is the Moto 360 the smartwatch that you always wanted?>
