Friday 20 October 2017

New car sales, 1967–2013

An illustration of new car sales in the Irish market from 1967 to 2013 - <a href='http://cdn2.independent.ie/lifestyle/motoring/article29372588.ece/binary/NWS_20130626_AMO_004_28045114_I1.JPG' target='_blank'>click to see a bigger version of the graphic</a>
An illustration of new car sales in the Irish market from 1967 to 2013 - click to see a bigger version of the graphic

THIS is the roller coaster that has been the Irish car market since 1967.

What a spike the year 2000 brought, with the boom reflected in substantial sales before and after. They went off a cliff in 2009 but were moderately boosted by the car scrappage scheme that spanned 2010 to the end of June 2011.

By the end of December 2009, when the scheme was officially introduced, car sales had plunged 60pc and as many as 10,000 jobs in the industry had been lost.

The first scrappage scheme was run from July 1995 to the end of 1997 with an estimated 65,000 extra new cars sold.

Now there is talk of a 'Swappage Scheme' to encourage owners of middle-aged cars to buy new. While 70,000 registrations are forecast for this year, many in the industry expect 65,000 to 67,000, with private buyers accounting for a relatively small portion of that.

Irish Independent

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