BMW the top seller as new car sales soar 50pc
THE motor industry bucked the gloomy economic trend yesterday after figures revealed a 50pc increase in new car sales so far this year.
In an extraordinary development, a separate set of figures shows a luxury BMW was the top seller last month -- despite all the talk of doom and gloom.
The figures reveal that 349 new BMW 5 Series were bought in August -- or 151 more than the family supermini Toyota Yaris (198) which was the month's second-largest seller, according to the motoring website Motorcheck.ie. A total of 79,145 new cars were sold in the first eight months of this year, including 5,061 alone last month.
Of the sales, Society of the Irish Motor Industry (SIMI) statistics show 11,766 cars being bought as part of the Government's scrappage scheme introduced in the December Budget, although this number doesn't include cars bought during August.
Under the scheme, motorists can avail of a €1,500 reduction in Vehicle Registration Tax after trading in their car that is 10 years or older in exchange for a new low-emissions vehicle. The system, put in place after a major drop in motor sales last year, began on January 1 and is set to finish at the end of the year.The SIMI figures also reveal that 893 new light commercial vehicles have been sold so far this year, a 28pc rise on the same period in 2009.
Meanwhile, statistics from Motorcheck.ie show the most popular car last month was the new BMW 5 Series, with ex-works prices for the model starting at €41,750.
The website noted 349 new 5 Series cars being registered in Ireland last month, with August's second most popular car -- the Toyota Yaris -- notching up 198 new registrations.
Motorcheck.ie director Shane Teskey last night put the BMW model's popularity down to the newly arrived 520d diesel's relatively low carbon emissions, meaning consumers pay less in motor tax, as well as anecdotal evidence of more businesses renewing their leases on company cars.
"The 5 Series has always been a class leader and people have been pre-ordering it since April," Mr Teskey said.