Editor's Pick

New car sales continue to rise in Northern Ireland in 2023

<?xml encoding=”utf-8″ ??>

Sales of new cars in Northern Ireland continued to recover in April according to industry data.

Figures from the Society of Motor Manufacturers and Traders (SMMT) show there were 3,432 sales, up 6.8% on the same month in 2022.

So far this year 16,750 new cars have been sold in Northern Ireland, up 17.4% compared to the same period last year.

The most popular models this year are the Hyundai Tucson and Ford’s Fiesta and Puma.

In the last couple of years the new car market was badly hit by supply chain problems, which delayed the delivery of vehicles.

There were particularly serious problems obtaining semiconductors, which are used in a vast array of electronic systems, from in-car entertainment to engine management.

In the UK as a whole, April was the ninth successive month of growth, with an 11.6% increase to reach 132,990 registrations.

However that was still 17.4% down on pre-pandemic volumes in April 2019.

Mike Hawes, SMMT chief executive, said the new car market is ‘increasingly bullish, as easing supply chain pressures provide a much-needed boost”.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top