Realistic prices propels motor trade into a slow recovery
THE motor trade in Ireland is making a slow recovery, with sales propelled by more realistic prices and the scrappage scheme.
A surprising statistic is that the 55 per cent sales increase between 2009 and 2010 was the highest of any country in western Europe.
‘No doubt the main reason was the scrappage scheme which saw over 17,000 motorists buying a new car,’, said SIMI director general Alan Nolan.
‘We have already had reports from dealers of continued strong interest in scrappage.’
Across western Europe overall, new car demand was 4.1% per down for the year at just under 13 million units. The situation varied across the major markets. While Spain and the UK saw registrations increase by 3.1% and 1.8% respectively, Germany recorded a 23.4% decline, Italy was 9.2% down and in France 2.2% down.