USED MARKET UP 5%
Vehicle History and Data expert Cartell.ie report today (26th February) the market for both new and used vehicles is up in 2016 – the increase is significant in the case of new vehicle sales.
Total transactions for new vehicles stand at 64,718 in the year up to February 25. This compares to a figure of 52,065 for the equivalent stage last year which represents a market increase of 23%.
In the case of the used vehicle market transactions are also increased on last year’s volumes. The 2016 year-to-date figure for all transactions (all vehicles including imports) stands at 190,766. This compares to 181,520 for the equivalent stage in 2015 – a year which recorded a record number of transactions. The 2016 figure represents an increase of 5% over last year.
John Byrne, Cartell.ie says: “The new vehicle market shows clear signs of the anticipated upward growth over last year. January saw big upward movement as pre-orders from last year filtered through. Now we are seeing growth consolidated in February with a 23% year-over-year increase.”
Cartell.ie was set up in 2006 to help buyers make an informed choice when buying a used vehicle – including imported vehicles – by providing a user-friendly and cost-effective vehicle data checking service. Cartell.ie is a totally independent company and fully Irish owned.