Official statistics released by the Society of the Irish Motor Industry (SIMI) show that new car registrations were up 23% (950) last month when compared to November 2014 (771).

New car registrations for the year are currently up 30% (124,605) on the same period last year.

Light Commercial Vehicles (LCV), were marginally up 2% (622) on November 2014 (612) while year to date are performing strongly, up 42% (23,471). HGV (Heavy Goods Vehicle) show that registrations, for the month of November are up 83% (77) compared to the same month last year (42), and are up 8% (2,135) year to date.

Commenting on the figurers SIMI Director General Alan Nolan said: “New registrations for cars and commercial vehicles this year have underlined the very strong growth in sales activity but as we move closer towards the end of the year, registrations are beginning to naturally slow down. We would expect to see the year end with car sales above 125,000 translating into a good year of recovery for the Motor Industry.

"At this stage attention is now very much focused on next year and the 161 registration period, with dealer feedback indicating strong consumer interest and increased footfall in showrooms. We often hear people suggest that there has never been a better time to buy but this time you could almost say its official! In the recent SIMI/DoneDeal Quarterly Report, the respected economist Jim Power confirmed that the average cost of a new car is down, fuel costs are down and Road Tax is lower on cleaner new cars. With better fuel economy from more efficient new cars, along with keen finance offers and strong incentives from the different brands, prospective buyers have a variety of choice and great value deals on offer to them. So the advice is to do the research and shop around to get the best deal available for the new year ”