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Coronavirus: Rapid Increase in Car Sales After NI Lockdown
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PA
Industry data suggests new car sales in Northern Ireland jumped 17% in July.
July was the first full month of trading after a car showroom lockdown.
The number of registered vehicles in July was less than 4,400, compared with 3,800 in the same month of the previous year, but the year-to-date sales have decreased by more than 40% compared to last year.
Overall sales in the UK increased by 11% in July.
Mike Hawes, CEO of Society for Motor Manufacturers and Traders, said the rise was a “temporary grace for the sector,” but the market remains fragile and the blockade of future coronaviruses is blocked. May suffer from.
“We have to be cautious… There are still many uncertainties about the future.
“The next few weeks will be crucial in showing whether we are on the road to recovery,” he added.
Richard Ramsey, an economist at Ulster Bank, said car sales in Northern Ireland lasted for more than a decade in July.
“This month is the first month we see signs of increasing demand for new cars,” he added.
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