Used private car sales in Ireland up by over 20 pct in October

Source: Xinhua| 2019-11-09 05:06:33|Editor: yan
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DUBLIN, Nov. 8 (Xinhua) -- A total of 10,941 units of used private cars were sold in Ireland in October, up by 20.7 percent compared with the same month last year, according to data released by the country's Central Statistics Office (CSO) on Friday.

In contrast, only a total of 3,214 units of new private cars were sold in the month, less than one-third of the sales figure of the used private cars, the CSO data showed.

Local media quoted car dealers as saying that the sharp rise in the country's sales of used private cars in October was mainly due to the depreciation of the British pound against the euro as a result of the Brexit uncertainty.

In Ireland, most of the used private cars are imported from Britain, according to the CSO.

Many Irish consumers buy used private cars from Britain's Northern Ireland which is just a few hours' drive away from anywhere in Ireland.

Currently there is no tariff on goods moving between Britain and Ireland as both are members of the European Union (EU) though Britain could leave the EU before the end of the next January.

During the first ten months of this year, a total of 91,026 units of used private cars were sold in Ireland, up 7.7 percent over a year ago, the CSO data found.

The CSO figures also showed that a total of 110,900 units of new private cars were sold in the country during the January-October period of this year, down 6.6 percent year-on-year.