Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

New car sales continue to rise in Northern Ireland in 2023

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”.

Read more:
New car sales continue to rise in Northern Ireland in 2023

    You May Also Like

    Politics

    Post Content

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Politics

    NEWYou can now listen to Fox News articles! The U.K. on Monday announced new plans to overhaul its defensive posture in the wake of...