The upward trend that we have been following in new car sales continued into June according to the most recent figures released by the Society of the Irish Motor Industry (SIMI).
New car sales in the first half of the year are over 21,000 ahead of sales in the same six months last year. Sales are still way down on where they were in 2007 and 2008 but now there is a clear and growing divergence between the 2009 low and the 2010 line.
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5 months ago
Seamus, Nearly 50% of the growth in sales seems to be replacement of used imports, which are down nearly 20% year to date. The comparative strength in sterling may have influenced this market. This would also explain the lack of any improvement in Excise, which includes VRT. VRT is of course payable on used imports.
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