Sales up 23% as recovery continues

THE Society of the Irish Motor Industry (SIMI), in association with DoneDeal, has released the Second Quarter Motor Industry Review for 2014 and its figures show the industry continuing to bounce back after 6 years of a downturn.

New car sales are up by 23% in the first half of the year, already selling more than in all of 2013, while the Exchequer has also benefited by over 629 million in taxes from car sales this year, and although motor insurance is higher, both petrol and diesel prices are lower than the same period in 2013.

Economist Jim Power (left), who compiled the review based on the SIMI and DoneDeal, said that the report shows the motor industry and the Irish economy is continuing on its road to recovery.