Franchised car dealerships set to fall by 115

The number of franchised car dealers in Ireland will fall by 115 in the next four years, according to a major report on the Irish motor industry.

The report was carried out by Saleslynx, an automotive research, consultancy and training provider, and predicts that the number of franchised dealers will fall from 490 to 375 or less by 2016.

Most of the closures will likely happen in the next two years, according to the report.