Menu
02/09/2008
Car Sales Figures Down 40% On 2007
The number of new cars sold in Ireland last month has taken a worrying dip since the same month last year.
Figures from the Society of the Irish Motor Industry (SIMI) show a 40% drop compared to August 2007 with over 5,200 new cars sold last month, compared to almost 9,000 in August of last year.
SIMI Director General Alan Nolan has said the weak state of the economy is the main reason for the decrease, but remains confident the industry will survive: "The indicators for car sales in the longer run would be strong so long as we have big numbers employed and low numbers of cars per head of population as we have compared with the developed countries," he said.
July sales were up on last years figures with 3,236 more cars sold than in July 2007, although there remains a drop of 25,334 new car sales for the first seven months compared to last year.
Dealers blame a mix of high used-car stock levels and low margins on new cars as the key reasons why their businesses are coming under pressure.
(DW)
Figures from the Society of the Irish Motor Industry (SIMI) show a 40% drop compared to August 2007 with over 5,200 new cars sold last month, compared to almost 9,000 in August of last year.
SIMI Director General Alan Nolan has said the weak state of the economy is the main reason for the decrease, but remains confident the industry will survive: "The indicators for car sales in the longer run would be strong so long as we have big numbers employed and low numbers of cars per head of population as we have compared with the developed countries," he said.
July sales were up on last years figures with 3,236 more cars sold than in July 2007, although there remains a drop of 25,334 new car sales for the first seven months compared to last year.
Dealers blame a mix of high used-car stock levels and low margins on new cars as the key reasons why their businesses are coming under pressure.
(DW)
Related Irish News Stories
Click here for the latest headlines.
08 December 2011
New Cars Sales 'Brake By A Third'
Government statistics have revealed that the number of new cars licensed in November fell by 34.9% when compared to last year. The Central Statistics Office said there were 1,398 new private cars licensed in November 2011, compared with 2,146 in November 2010.
New Cars Sales 'Brake By A Third'
Government statistics have revealed that the number of new cars licensed in November fell by 34.9% when compared to last year. The Central Statistics Office said there were 1,398 new private cars licensed in November 2011, compared with 2,146 in November 2010.
13 March 2024
SDLP Launches Petition For Restoration Of Integrated Schools Funding
The SDLP has launched a petition calling for the restoration of funding for new buildings at ten integrated schools across NI. The petition follows the recent announcement of the withdrawal of this funding as part of the financial package agreed between Executive parties and the UK Government.
SDLP Launches Petition For Restoration Of Integrated Schools Funding
The SDLP has launched a petition calling for the restoration of funding for new buildings at ten integrated schools across NI. The petition follows the recent announcement of the withdrawal of this funding as part of the financial package agreed between Executive parties and the UK Government.
11 February 2010
Irish Car Sales Disparity Shock
The latest Irish Government figures on the level of car sales in Ireland have completely contradicted figures released by the Irish motor industry. Figures released today by the Central Statistics Office showed the number of new cars licensed in January fell by 4.8% compared to the same time last year.
Irish Car Sales Disparity Shock
The latest Irish Government figures on the level of car sales in Ireland have completely contradicted figures released by the Irish motor industry. Figures released today by the Central Statistics Office showed the number of new cars licensed in January fell by 4.8% compared to the same time last year.
26 May 2017
Seven-Month-Old Child Dies After Being Left Inside A Car
A seven-month-old child has died in hospital after being left in a car for around five hours on the hottest day of the year. A number of emergency services attended the scene in the village of Dundrum, west County Tipperary, on Thursday, 25 May.
Seven-Month-Old Child Dies After Being Left Inside A Car
A seven-month-old child has died in hospital after being left in a car for around five hours on the hottest day of the year. A number of emergency services attended the scene in the village of Dundrum, west County Tipperary, on Thursday, 25 May.
30 May 2008
Car Sales Drop 18% In One Month
Car Sales in Ireland are the latest casualty of the credit crunch. The total number of new private cars licensed last month was down 18% for April 2007 according to figures released from the CSO today. The total of vehicles licensed dropped by 11% last month compared to April last year.
Car Sales Drop 18% In One Month
Car Sales in Ireland are the latest casualty of the credit crunch. The total number of new private cars licensed last month was down 18% for April 2007 according to figures released from the CSO today. The total of vehicles licensed dropped by 11% last month compared to April last year.
-
Ireland WeatherThis Evening and Tonight:A mainly dry evening and night with isolated showers dying out and some longer clear spells. Then it will cloud over towards morning with some heavy showers. Minimum temperature 7 °C.
