Re­al­is­tic prices pro­pels mo­tor trade into a slow re­cov­ery

Bray People - - MOTORS -

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.

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