Tuesday 28 February 2017

Motorists get geared up for buying in North

Eddie Cunningham and Colm Kelpie

There were 7,090 used imports registered in October, a rise of 75.63pc on the 4,037 for the corresponding month in 2015 (Stock picture)
There were 7,090 used imports registered in October, a rise of 75.63pc on the 4,037 for the corresponding month in 2015 (Stock picture)

Used car imports reached their highest monthly level for the year last month as sterling's plunge induced more motorists to buy in the North or across the water.

There were 7,090 used imports registered in October, a rise of 75.63pc on the 4,037 for the corresponding month in 2015.

And it is the second successive month this year that registrations topped 7,000, with an 80pc hike in September.

It comes as 73pc of firms quizzed for a survey by the British-Irish Chamber of Commerce said they need clarity on the terms of Brexit before they can deal with the effects.

And 63pc said they were in need of unbiased information.

"While providing clarity around the Brexit terms rests very much in the hands of the UK Government, the Irish Government can play its part by providing businesses with the information they need in order to prepare themselves for the UK's departure from the EU," said John McGrane, director general of the Chamber.

The survey was conducted over a 12-day period in the lead up to today's All-Island Civic Dialogue.

Some 256 firms were surveyed on a range of issues including what preparations they are taking ahead of Brexit and what support they feel they need in order to protect their business.

A separate survey from the Royal Institution of Chartered Surveyors found that there has been a rise in queries to commercial property agents here from UK-based firms looking to move from the UK following the Brexit vote. SCSI President Claire Solon noted that the increase is significant, but increases have also been reported in other EU countries.

Irish Independent

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