Sunday May 31, 2020

Can new car market reverse downward trend in 2019?

New car registrations fell by 4.4 per cent last year, the second consecutive annual fall, as sales of imported second-hand cars continued to climb to record levels

3rd January, 2019
Brexit uncertainty dampening demand for new cars.

Motor industry figures released on Wednesday show that new car registrations fell by 4.4 per cent last year, the second consecutive annual fall, as sales of imported second-hand cars continued to climb to record levels.

The Society of the Irish Motor Industry (SIMI) said 125,557 new cars were registered last year, down from 131,332 in 2017.

SIMI director general designate Brian Cooke blamed the drop in new car sales on Brexit and the associated weakness in sterling, which has...

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