Sunday 23 October 2016

Car sales race ahead as recovery continues

Damien English
Damien English

More than 27,500 new cars were bought by Irish motorists in July, almost as many as the traditional bumper month of January.

Figures show the nation's buying trends are changing dramatically with the new twice-a-year change of registration plates.

New-car registrations soared by 9,000 (48pc) to 27,633 last month, just 2,000 short of January.

Sales for the year to date are up 30pc, according to SIMI (Society of the Irish Motor Industry).

There's no sign of a brake on the buying, with predictions of 123,000 sales for this year and as many as 145,000 next year.

The level of commercial van sales is also soaring - up 53pc in the year to date.

Like cars, they also reflect the increasing momentum of recovery and the level of business in the economy.

The overall buoyancy is pumping millions more into the Exchequer (€761m so far) as well as creating more jobs.

With every 1,000 new-car sales said to create some 130 jobs across the industry, a junior minister has advised school leavers not to be blinkered into thinking their only way to a career is through an third-level education.

Damien English (inset) said the industry was playing a key role in providing employment nationwide.

He added that students needed to be encouraged to take up apprenticeships in areas such as the motor industry.

It is estimated 13.6pc of all new jobs created this year have been in the motor industry.

A total of 5,600 jobs have been generated in the motor industry since June 2014.

Promoted articles

Entertainment News