2022 was a challenging year for those buying and selling cars, with rising prices, tight supply and economic uncertainty. 2023 looks like it won't be hugely different, writes willgoodbody
For those who like cars, even a little bit, there is something uniquely special about buying a new one, even if it is used and only new to you.
That makes it an especially important period for dealers too, who make a significant proportion of their annual sales in the first months of the year.Motor salespeople are reporting brisk business as they fulfil early orders. "There is a momentum behind the electric vehicle project now and it is important that we maintain that," says Brian Cooke, director general of the Society of the Irish Motor Industry .
The Volkswagen group, for one, faced significant difficulties because many of the wiring harnesses used in their cars came from the war-torn country.The year began well, with reasonably strong post-pandemic sales during the first quarter as people spent accumulated savings. That was due to a combination of reduced supply following on from lower new car sales during the pandemic, fewer UK imports because of Brexit and environmental tax changes, and very strong demand fueled by pandemic savings.
"So whilst prices might be settling on some models like the traditional family saloon, no one really wants them any more and you can see sales of them have fallen through a cliff." "Because at the moment we don't have sufficient electric vehicle sales in the fleet to create a used car market." "You would might as well have turned to a used, almost new used car. That kind of put pressure on that end of the market. But that is easing off now."
"So prices continue to go up, and probably will continue to go up until they reach a level which is the price of a car in the UK plus the import duties," he says.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
23 new and returning shows in 2023 we're very excited for | JOE.ieEach and everyone one of these shows looks like an absolute must-watch
Read more »
Netflix's new documentary could be 2023's answer to The Tinder Swindler | JOE.ieNetflix's new documentary could be 2023's answer to The Tinder Swindler
Read more »
Palestinian shot dead following clashes with Israeli military at refugee campSix Palestinians, including three teenagers, have been killed in the raids so far in 2023
Read more »
Restaurant Awards Ireland 2023 | The Irish TimesThe Irish Restaurant Awards 2023 are finally here. Nominate your favourite restaurants and be in with the chance to win a foodie getaway kindly sponsored by Ireland’s Blue Book.
Read more »
23 new and returning shows in 2023 we're very excited for | JOE.ie23 new and returning shows in 2023 we're very excited for
Read more »
One of the best erotic thrillers of all time is getting a 2023 remake | JOE.ieThe multiple Oscar-nominated classic is being turned into an eight-part mini-series
Read more »