Total new car sales of 95,989 show an increase of 30% on 2013 (73,454).
The commercial vehicle market has seen significant growth, with light commercial/van sales up 57% for the month of November (602) compared with November last year (384). Sales in this sector are up 51% (16,501) for 2014 overall in comparison to 2013 (10,939).
While registrations of HGVs (Heavy Goods Vehicles) are down for the month of November, they continue to remain ahead at 20% year-to-date.
Alan Nolan, Director General SIMI, said: "The outlook for 2015 remains one of emerging recovery in the sector as increased sales from the industry will continue to make a significant contribution to employment figures and increase finance for the Exchequer…
"The industry continues to be optimistic for the coming year, as our members report strong consumer interest in 151 orders. This was highlighted, in particular, at a number of local motor events recently held around the country.
"We are confident that this consumer sentiment will be reflected in registrations for 2015, particularly in light of the strong offers from all manufacturers available to New Year purchases."
To underline the value available to consumers, the most recent report from the Consumer Price Index confirmed that there was a "reduction in the price of motor cars" along with "lower petrol and diesel prices".
