ACCORDING TO DATA collected by Cartell.ie, used car transactions were up seven per cent in 2016 from the previous year.
Cartell.ie looked at all transactions for private cars (including imports) in the market in 2016 including private to private sales, imported by private, trade to trade sales, trade-ins, and trade to private transactions and the total number of transactions for the year was 1,014,376 up from 943,995 in 2015.
Next, the company looked at the total number of transactions in the used market for all vehicle types and this was 1,200,695, which was up from 1,125,816 in 2015. This made 2016 a record year and the highest level since Cartell.ie started recording results.
John Byrne, Legal and Public Relations Manager, Cartell.ie says:
The used vehicle market had a record year in 2016. We recorded over one million transactions for private cars – the first time we have reached this milestone. We anticipate further growth in 2017.
It has to be pointed out that this does not mean one million used cars sold. A transaction could be one dealer selling to another dealer as well as dealer to customer. For example, if one dealer takes a car as a trade-in, that is counted as one transaction. When they then sell the car to another dealer, that is another. When that dealer sells it to a buyer, it is another. So one car could take three transactions or more.
The most popular models of used cars, including imports, in 2016 were:
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