A Dublin-based car dealership is to close after several years of sustained losses, with the loss of 18 jobs.
Rathdown Motors, which has been in operation for over 25 years, said that despite investment in the business, losses continued because of the major decline and continued weakness in the car market.
The Terenure-based business will close before Christmas with the loss of 16 full-time and two part-time jobs.
The dealership said it will continue to provide service support for warranty customers for six months after its closure.
Its founder, Mark Turley, said the closure was a necessity on economic grounds because, despite efforts, it had not been possible to make the firm viable.
He said: "Market conditions for new car sales are weak, heavy discounting in the second hand market further exacerbates the situation and the outlook is at best poor."
Mr Turley said the firm will honour any financial obligations arising from the closure.
Rathdown Motors' site will be put up for sale after its closure.
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