A total of 474,418 used cars were sold in Ireland during the last six months of 2013, according to findings of the third Carzone.ie Motoring Report.
This is a 16% increase in sales on the same period in 2012.
The report is a bi-annual index which tracks trends in both the new and used car markets in Ireland.
It is compiled from the 60 million searches carried out on Carzone.ie during the last six months of 2013, vehicle transactions listed on Cartell.ie and an in-depth survey of 2,187 motorists nationwide.
The results revealed that German car marques remain the most popular mong Irish car buyers. The Volkswagen Golf topped the list as most searched for used car model on the market, followed by the BMW 3 Series in second place.
The report cites the top two financial concerns for motorists as fuel costs and the price of road tax. 80% of Irish motorists continue to opt for diesel models, indicating a desire for better fuel economy.
Over 50% of those surveyed would choose a vehicle based on in-car technology, and when searching for a car, a quarter of buyers chose black as their preference colour. Tuesday also continues to be the most popular day of the week on which to close a deal.
Commenting on the findings of the report, Warren Cray, general manager at Carzone.ie, said: “It is clear from the results that there is cautious optimism in the market as used car transactions continue to rise. More than 60 million searches were carried out on Carzone.ie in the second half of last year alone and we are on track to continue that trend in 2014.”