Life Motoring

Monday 19 February 2018

Imports of used cars increase by one-third

Eddie Cunningham Motoring Editor

MORE people are buying imported used cars – and fewer are purchasing new cars at home, according to the latest figures.

The number of used models being imported here soared by one-third last month, while new-car purchases dipped.

The trend, which emerges as part of figures compiled by the Central Statistics Office (CSO), underlines the challenge faced by dealers here as they prepare for the second registration period starting on July 1.

It is hoped the prospect of a 132-plate will encourage people to buy a new car mid-year and salvage something from a bad year for dealers and the industry generally.

The figures from the CSO show the number of private imports licensed last month was 4,601 compared with 3,394 during May 2012 – an increase of 35.6pc.

So far this year, some 19,510 used cars have been imported – up from 16,165 for the same period in 2012. In contrast, 7,095 new private cars were licensed for the first time in May – down 11.2pc on May 2012.

Irish Independent

Promoted Links

Life Newsletter

Our digest of the week's juiciest lifestyle titbits.

Promoted Links

Also in Life