Car sales rev up 30pc more than last year
THE number of new cars on the road jumped by a third this year, signalling that boom times may be here again.
In a dramatic jump, more than 80,000 new cars have been licensed since January. In the same period last year, just 63,313 cars with '13 registrations were licensed.
The 30pc increase in brand new cars comes at a time when experts are predicting that Ireland is en-route to recovery.
The figures released by the Central Statistics Office show the numbers of cars taxed for the first time in Ireland.
Niall Costello, a sales manager at one of the Windsor group's 11 Dublin showrooms, told the Herald that things on the ground are looking up.
He attributes the hike to a rise in consumer confidence and the second registration initiative.
"The motor industry has been very tough over the last few years, so we absolutely welcome the increase," he said.
"The introduction of the second reg has essentially made two seasons for us.
"We were well overdue a revamp and now we are busy the whole year around."
People seem to be more confident about their spending power, according to the sales rep.
"Listening to customers, there is an element of confidence, and banks seem to have opened their doors again," he said.
Volkswagen is the most popular brand of car for those who want a '14 reg attached to their set of wheels.
Just under 10,000 Volskwagon cars were registered since the beginning of 2014.
Toyota, Ford and Hyundi followed as the most popular new cars on the road with Volvo ranking as the least popular well-known car brand in Ireland.
Three times more diesel cars than petrol have been put on the road since the start of the year. Showing that Irish motorists are slow to switch to more eco-friendly options when it comes to motoring, just 179 electric cars were licensed since January.
Meanwhile, 976 petrol and electric hybrids were licensed since January. The number of imported cars being licensed for the first time in Ireland also jumped by around 12pc.
Over 35,000 used cars were ready to be taxed in the first eight months of the year.
There has also been a rise in the number of commercial vehicles on Irish roads when compared with last year.
A rise in vehicles used for business is typically linked to economic recovery.