Figures from the motor industry released last night show a 4.5% increase in new car sales last year to 186,450.
The Society of the Irish Motor Industry's director general designate Alan Nolan said the market had undoubtedly been boosted by the release of SSIA money.
He said 2007 had turned out to be the second best year on record after 2000, reflecting the fact the economy was still strong despite the slowdown in growth.
The SIMI said it expected a boost to sales in July, when a new VRT system takes effect.
