New Car Sales Best Since 2008
New car sales for H1 2014 topped 66,000, making this year the best one for the motor industry since 2008. Figures from Motorcheck.ie calculate that new car sales are up 24% this year on the same period in 2013.
Sales of new cars last topped 100,000 units in a year in 2008, but the industry is hoping that 2014's strong start will carry through and hit around 90,000 unit sales before the end of the year. Sales of commercial vehicles are also up 43% against the same period last year.
The return to relative normality has come as a relief to under-pressure car dealers, according to Michael Rochford, managing director of Motorcheck.ie. He says that the sales increases can been explained by positive consumer sentiment returning to the economy in the latter stages of 2013. As a result, many buyers returned to the market, including a surplus of buyers who might have postponed changing their car in the preceding years. Flexible finance options for new buyers are also fuelling purchases.
The top-selling brands so far this year are Volkswagen, Toyota, Ford and Hyundai. In terms of best-selling models, the Volkswagen Golf again tops the list, along with the Nissan Qashqai, Ford Focus and the Toyota Corolla. Commercial vehicle favourites in 2014 are the Ford Transit, Volkswagen Caddy, Citroen Berlingo and the Land Rover Discovery. (July 2014)