February car sales show 17% rise
Figures released by the Society of the Irish Motor Industry (SIMI) today show a rise in car sales for last month.
The SIMI statistics show that total passenger car registrations for the month of February were 24,786, up 17.71% on the same period in 2004.
Year to date statistics (to end of February 2005) show passenger car registrations at 63,277, a rise of 17.74% on same period last year.
Commenting on the February figures Cyril McHugh, Chief Executive of SIMI said: "Cars sales are a good indication of the state of the economy.
"Low unemployment and interest rates combined with increased disposable income and a high level of consumer confidence underpin the current positive economic climate.
"This is a continuation of the recovery in sales seen in 2004, following a decline in the previous three years."
