New car sales up 15.6% in Louth

Motoring

New car sales up 15.6% in Louth
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Sales of new cars in Louth have increased by 15.6% for the first 9 months of 2016 compared to the same period in 2015.

There were 3,112 cars sold between January and the end of September compared to 2,691 last year.

According to DoneDeal 12,049 car ads were placed on their site from Louth in the first 9 months of 2016 and the value of the cars advertised was €79,064,741.

Alan Nolan, Director General, SIMI, highlighted: “Car sales in Louth so far this year are particularly encouraging and this has been seen across the country.

2016 has seen the highest levels in new vehicle registrations since 2008, while some of these sales can be attributed to a catch up in the market overall it has been a good year for our Industry. New car sales so far have contributed €1.25 billion to the exchequer 24% ahead on last year.

“With the peak selling months behind us the Industry has now turned its focus to the 171 registration period as can be seen and heard in current advertising campaigns.

“While 2017 brings with it an air of uncertain due to Brexit we would expect the Industry to continue to perform as economic indicators suggest increased spending power in the Irish economy in 2017.”

Sales across the country to the end of September 2016 were 143,190, up 18.4% on the first nine months of 2015. Based on this the SIMI/DoneDeal report forecasts final sales of 147,000 for 2016 with a similar outcome anticipated for new car sales in 2017.