Old stock and new financing driving car sales

Large numbers of Irish buyers are using car manufacturers’ finance arms to purchase new vehicles.

Christian Gussen, managing director, Audi Ireland
Christian Gussen, managing director, Audi Ireland

Ireland should be buying between 150,000 to 160,000 new cars a year, but it could take another ten years to get to that level, according to the head of Audi Ireland, Christian Gussen.

Ireland’s new car market has fluctuated wildly in the past decade. In 2008, at the peak of the Celtic Tiger, almost 190,000 cars were sold in Ireland. The following year, that had dropped to just under ...