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02/09/2014
4,200 Jobs Created Through Car Sales
€171 million and 4,200 new jobs have been created in Ireland so far this year as a result of a surge in car sales, according to SIMI (Society of the Irish Motor Industry).
Car sales in August (4,873) were up 32% on August last year. So far this year, 89,279 new cars have been sold, indicating an increase of 30% on 2013.
Alan Nolan, Director General said: "The dual registration plate has really helped in spreading the sales through the year, which was the intention, but the real driver in increasing the registrations has been the level of growth in consumer demand, which has not been seen in the Industry for some time. The continued strength of commercial vehicle sales underline the improvement in commercial activity in the economy this year."
New heavy commercial vehicles were down by 32% (63 units) in August, but are still ahead of last year by 30% (365 units). New light commercial vehicles were up 54% (441 units) in August and 47% (4,196) for the year to date.
Mr Nolan continued: "By the end of this year, we predict new car registrations will exceed 95,000 and while this is very positive, we are still in the very early stages of recovery, having moved from 45% of normal sales volumes last year to about 60% this year.
"Next year, new car sales have the potential to generate a further €100 million for the economy, on top of this year’s growth and create 1,500 more jobs. However, it is crucial that this growth is not stalled by any negative decisions made in this year’s Budget."
(IT/CD)
Car sales in August (4,873) were up 32% on August last year. So far this year, 89,279 new cars have been sold, indicating an increase of 30% on 2013.
Alan Nolan, Director General said: "The dual registration plate has really helped in spreading the sales through the year, which was the intention, but the real driver in increasing the registrations has been the level of growth in consumer demand, which has not been seen in the Industry for some time. The continued strength of commercial vehicle sales underline the improvement in commercial activity in the economy this year."
New heavy commercial vehicles were down by 32% (63 units) in August, but are still ahead of last year by 30% (365 units). New light commercial vehicles were up 54% (441 units) in August and 47% (4,196) for the year to date.
Mr Nolan continued: "By the end of this year, we predict new car registrations will exceed 95,000 and while this is very positive, we are still in the very early stages of recovery, having moved from 45% of normal sales volumes last year to about 60% this year.
"Next year, new car sales have the potential to generate a further €100 million for the economy, on top of this year’s growth and create 1,500 more jobs. However, it is crucial that this growth is not stalled by any negative decisions made in this year’s Budget."
(IT/CD)
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Ireland WeatherToday:It will be a dry day and after a quite cloudy start, it will soon brighten up with long sunny spells developing. Winds staying light. Maximum temperature 8 °C.Tonight:Dry with clear periods in the east at first, then cloudy overnight. Patchy light rain will affect western areas later. Freshening southerly winds. Minimum temperature 2 °C.
