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Motor comeback as 90,000 new cars are sold this year

The comeback is continuing for Ireland's motor industry.

Latest figures show the number of new private cars licensed for the first time increased by nearly 7pc to 3,021 in October, compared to the same month last year.

In total, there were 89,915 new private cars licensed in the year to the end of October this year, a rise of nearly 30pc compared to the same period in 2013, according to the Central Statistics Office (CSO).

The licensing figures also show that the number of new goods vehicles licensed for that month was 1,467, up 50pc from October last year.

Meanwhile, the total number of all new vehicles licensed during October 2014 was 4,979 compared with 4,974 during the same month in 2013.

The CSO figures show that the highest number of new private cars licensed last month, classified by make, was Volkswagen (383) followed by Ford (246), BMW (212) and Skoda (209).

For the year to the end of October, Volkswagen ranked highest with 10,954 new private cars licensed. This was followed by Toyota (9,405), Ford (8,903) and Hyundai (7,323).

Increase

Licensing differs from registration in that a vehicle is licensed when a valid motor tax disc is issued for the first time. Registration occurs when a vehicle gets its licence plate - its registration number - for the first time.

However, the figures show that used imported private cars licensed for the first time were down nearly 9pc to 4,252 in October compared to the same month last year.

In the first ten months of the year, the figure for the number of used imported private cars being licensed was 45,386, and this was up nearly 8pc from the same period last year.

Meanwhile, figures released this month from the Society of the Irish Motor Industry (SIMI) showed that this year, 95,217 new cars have been sold, an increase of 30pc on last year.

The society, whose director general is Alan Nolan, said it's the first time in five years that new car sales have reached 95,000.

fdillon@herald.ie


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