New car sales jump by 50pc in July
The number of new private cars licensed for the first time in July more than doubled in comparison to the same month last year.
New CSO figures released show the huge strides that the motor industry has made in the last 12 months.
In July 2014, 14,037 new private cars were taxed, an increase of 50.8pc form July 2013.
In total, the number of all new vehicles licensed during July 2014 was 16,736 compared with 11,228 - 49.1pc increase.
The number of new goods vehicles licensed in July 2014 was 1,579, up 65.7pc from July 2013.
Second-hand cars went from 4,587 in July 2013 to 4,879 in July this year - up 6.4pc.
The high sales are seen as a sign that people are starting to spend again after years of recession.
July is now a key month for car sales since the year was split in two for the purposes of registration.
The most popular make of private car in July was Ford (1,596) followed closely by Volkswagen (1,590).
In the overall figures from January to July 2014, Volkswagen (9,148) was the most popular amongst consumers for new private cars. Next came Toyota (8,347), Ford (7,729) and Hyundai (6,549).
In total, there were 76,317 new private cars licensed in the year to the end of July 2014, which is a rise of 29.8pc compared to the previous 12 months.
However, when comparing the figures of all new vehicles, including tractors and motorcycles, there was an increase of 49.1pc from the same time last year.
Some car dealerships around the country have seen an even bigger increase in sales.
Keary's of Cork sold just over 700 new cars and over 250 used cars in July.
According to Bill Keary, one of the company's directors, this is roughly a 60pc increase on results from July 2013.
The increase in sales has allowed them to hire new employees after "a very tough few years", something the company is "delighted" about.
Mr Keary expects the positive growth in the industry to continue into 2015.