Up to a third of motor traders showing signs of failure

The motor trade has been described as being among the weakest sectors of the economy.

Business and credit risk analyst, Vision-net, stress-tested companies in the motor trade, and found 33% were showing signs of business failure.

Car sales fell by 14% in the first quarter of this year, compared to the same period last year.

Managing director of Vision-net, Christine Cullen, urged motorists considering buying a new car, to check how the dealerships business is performing.