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Despite high prices, Irish car sales show the boom is getting 'even more boomer'
Shane Coleman, Political Correspondent



FRESH evidence of Bertie Ahern's assertion that "the boom times are getting even more boomer" has come with the release of the latest Europewide data on new car sales, which shows the Irish new-car market surging ahead of our EU partners.

While the overall growth in sales of new cars in Europe was stagnant, the 'Euro Index' . . . compiled by motoring website Roadtodata . . . shows that in the 12 months to last June, the Irish market grew by 8.4%.

The figures show that despite environmental concerns and higher petrol prices, sales of gas-guzzling SUVs were up by a thumping 21%.

Diesel models accounted for most of the market growth . . .

increasing by 25% . . . the website said, adding that the largest increase in sales came in the 'mini' segment.

Only Belgium and Denmark, with growth rates of 7.3% and 7.1% respectively, come close to the level of growth recorded in Irish new car sales. In the UK, sales were down by 4.2% and the average rate of growth in the big-five markets of Italy, Germany, Spain, France and Britain was just 1.6%.

The website said that prices of new cars increased by 1.7% in Ireland during the 12 month period and prices here "remain very high in relation to Europe (28% higher), largely because of high taxation levels".

It showed Irish prices as being 28% above the European average and 29% higher than in Britain. The website said that car prices in Ireland were the third highest in Europe. Cars are most expensive in Denmark and Norway where motorists pay 91% and 66% more than the European average respectively. The cheapest cars are in Switzerland, where new car prices are just 89% of the European average.




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