We're splashing out on new cars as 152-reg vehicles bring surge in sales
More than 21,000 new cars were registered in July, up 51pc on the same month of last year.
New figures from the Central Statistics Office (CSO) show the motor industry is slowly recovering, with the statistical agency also saying that the number of cars sold in July has outperformed January sales for the first time since a dual registration system was introduced.
The system splits the year into two halves, with cars registered in the first six months of the year having ‘151’ on the registration plate, which changes to ‘152’ for the second half of the year.
It was designed to spread car purchases evenly across the year.
The CSO said that year on year, there has also been a steady increase in new car sales.
Some 76,317 new cars were registered in the first half of 2014, which is up 31pc to 99,950 for the corresponding period of 2015.
The figures show that sales are being driven by new vehicles, with an 11.6pc drop in the number of used, imported cars registered.
The most popular marque was Hyundai, with 2,554 sold. It is followed by Toyota (2,274), Volkswagen (2,237), Nissan (2,111) and Ford (2,110).
These five brands make up just over half (53pc) of all new private cars licenced.
The figures also show that 70pc of all new cars licenced were diesel, and that more than 95pc fell in the least-polluting motortax bands of ‘A’ and ‘B’.