A 'quiet' July yet 20,000+ new cars hit street
Published 20/07/2016 | 02:30
WE haven't exactly put the brake on buying new cars, but we're not pressing the accelerator as heavily as we were, or as some expected.
Motor industry sources tell us it has been a 'quiet' July. Yet way more than 20,000 registrations have been recorded so far. Last July's total was 27,594 and there is confidence this will be outstripped by month's end.
But it is a sign of the times that there is a sense of deflation in some quarters that such a high level of sales is regarded as sluggish, (how they would have welcomed this with open arms a few years back).
Overall sales for the year are now being pitched closer to 150,000 rather than 160,000, as was the case with some earlier forecasts.
Several reasons are being put forward for registrations levelling off. Among them is the fact that many people have 'caught up' and now have a new, or fairly new car.
Of late, the impact of Brexit on the value of second-hand home-based cars and used imports has been cited, but it may be overstated. Brexit's more likely impact is around the wider economic uncertainty it has generated.