Saturday 10 December 2016

It'll take more than an absence of Remy Martin to dislodge Putin

Published 19/03/2014 | 02:30

Russia's President Vladimir Putin (front) addresses the audience during a rally and concert called 'We are together' to support the annexation of Ukraine's Crimea to Russia, with Crimea's Prime Minister Sergei Aksyonov and parliamentary speaker Vladimir Konstantinov (L) seen in the background, at the Red Square in central Moscow. Photo: Reuters
Russia's President Vladimir Putin (front) addresses the audience during a rally and concert called 'We are together' to support the annexation of Ukraine's Crimea to Russia, with Crimea's Prime Minister Sergei Aksyonov and parliamentary speaker Vladimir Konstantinov (L) seen in the background, at the Red Square in central Moscow. Photo: Reuters
Russian President Vladimir Putin waves to the Federal Assembly after a signing ceremony at the Kremlin in Moscow. Photo: Reuters

Every month you'll hear about the number of new cars that are sold. This is usually taken as a bellweather for the health of the economy. Cars are expensive and the more that are shifted in any one month, or indeed year, the healthier the economy. Also because so many people use their car to get to work, an upswing in the demand for cars indicates an upswing in activity across all sorts of areas.

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Last year, while the second-hand car market moved ahead, Irish new-car sales dropped 6.6pc in 2013. This was despite a sales surge after the introduction of the new bi-annual '132' registration on July 1. Sales fell to 74,303 from 79,574 in 2012.

Contrast falling new-car sales in Ireland with the situation in the UK, where the end of the recession, the availability of credit and an unemployment rate almost half of ours, has seen new-car sales go through the roof.

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