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Micksgarage announces €2.3m investment

DUBLIN car parts online retailer MicksGarage.ie is driving 65 new jobs over the next two years as it announced a €2.3m investment programme.

Taoiseach Enda Kenny TD opened the company's new 32,000sq ft warehouse and office facility in Park West, Dublin 12.

MicksGarage was founded in 2004 and has become one of Europe's largest car parts and accessories online retailers, delivering products across Ireland, the UK and mainland Europe.

The business, which currently employs 34 staff, was set up by brothers Ciaran and Michael Crean from Ballina in Mayo.

The €2.3m investment was made by the Ulster Bank Diageo Venture Fund managed by NCB Ventures, the AIB Seed Capital Fund managed by Dublin BIC and private investors. It will fund an expansion of the business, including the rollout of localised MicksGarage websites for nine European markets.

However, although the demand for car parts and accessories is on the rise, recent stats have shown that new car sales dropped by 9pc within the year. A total of 6,121 new cars were sold in April but, in the commercial vehicle sector, sales were up 10pc last month.

Despite this, the average new car now costs €24,483, which is €2,621 less than in 2007, according to the Society of Irish Motor Industry (SIMI).