Car sales up 69%
Published 12/07/2014 | 12:00
CAR sales in Cork were up 69% on the first day of 142 registration period
413 new cars were registered in on Tuesday of last week, the first day of the new 142 registration plate.
This compares to 244 on the first day last year. Nationally, SIMI had previously outlined its hopes that more than 4,000 cars would be registered in the first week of the new 142 year.
"We knew that Tuesday was going to be one of the busiest days of the year for car sales but we didn't expect such a good start compared to last year, which was the first year for the new split-registration plate," Director General Alan Nolan said. "In fact, the first day has turned out to be the highest day for new car registrations this year and nobody expected that.
"Although it has to be put in the context that we are starting from a low base, it is clear that an increasing number of consumers are returning to the market.
"Dealers are currently competing for customers with strong new car offers and a wider range of finance options and it's evident that consumers are seeing the benefit of the new mid-year registration period," Mr Nolan added. "Overall, it is a sign that we're seeing an improvement in the economy."