The results of an extensive used vehicle market analysis by Cartell.ie considered the Irish Car Parc as a whole as well as used vehicle sales for the first 4 months of the year.
Cartell considered all vehicles in the Irish Car Parc to establish what the most popular brands in Ireland are. Cartell considered all vehicle types, commercial and private, and found that Toyota holds the top position overall, with Ford and Volkswagen in second and third spot respectively. It also showed that Ford is the most popular brand in the used vehicle market for the first 4 months of 2014. Volkswagen and Toyota are the second and third most popular brand for that period. All manufacturers showed an increase year-over-year as the used vehicle market records more transactions in 2014.
Used Vehicle Sales for the period are up in every county in Ireland compared to the same period last year with the highest rises recorded in Galway, Wicklow, Offaly, Monaghan, Cavan and Clare. Dublin recorded the highest number of used vehicle transactions for the period with 110,603 while the Used Car Market is returning to usual 3 or 4 year sales cycle.
Analysing the results, John Byrne, Cartell.ie, says: The market has picked up considerably in 2014 compared to the same period in 2013. Every county in Ireland has recorded more used vehicle transactions this year. In particular transactions have been strong in Galway where unit transactions have increased from 14,157 to 17,440 representing a very healthy 23 per cent growth year-over-year.
“In a normalised market we would expect to see an even spread of transactions across most of the registration years as motorists return to normal 3 or 4 year sales cycles. This was more in evidence in the first four months of 2014 than the same period in 2013. Combined with the significant increase in used vehicle transactions in the market year-over-year we are clearly seeing signs of a return to what we would consider a normalised used market,” says John Byrne.