Northern Ireland seen record car sales during July
Northern Ireland car sales surge during July
Pent-up demand after an unprecedented lockdown has made July, 2020 the best sales period since 2007.
The coronavirus lockdown is seen as the main reason behind a surge in sales of new cars in Northern Ireland.
- The Ford Focus - 142
- Hyundai Tucson - 134
- Ford’s Fiesta - 128
- Kuga - 108
- Puma - 105
- Nissan Qashqai - 103
- Kia Niro - 88
- Volkswagen Tiguan - 87
- Kia Sportage - 81
- Hyundai Kona - 78
- Renault Captur - 78
“This is the first month that there has been signs of some pent-up demand for new cars. The Chancellor’s Economic Statement failed to provide any stimulus measures for the car industry.
“During the last recession the sector benefited from a temporary reduction in the rate of VAT and a ‘cash for clunkers’ scheme.
“This time around the temporary VAT cut was targeted at the hospitality sector with the 20 per cent rate slashed to five per cent for six months,”
“It remains to be seen whether the Chancellor is more sympathetic to the plight of the car industry at the Autumn budget.
“We may see a more targeted ‘cash for clunker’ scheme in due course. This could be linked specifically to the purchase of electric vehicles and incentives targeted at more environmentally friendly vehicles.”