Car sales in Ireland rose 26% year on year in January while a doubling of commercial vehicle sales was seen as a sign of growing economic recovery.
According to Reuters, Ireland has forecast its economy grew by almost 5% last year, likelyly the fastest in the European Union. Data released so far in 2015 has shown growth may be less reliant on strong exports this year, with unemployment falling, tax receipts soaring and strong services and manufacturing growth.
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Just over 20,000 cars were sold in January – traditionally the strongest month for car sales as registration plates update – compared to around 16,000 a year ago and almost double the number sold in January 2013.
New car sales last year were the highest since 2008 when Ireland was hit by a crippling fiscal and banking crisis, Reuters noted.
Sales of new goods vehicles rose 47.5% last month suggesting business buyers are more confident this year.
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