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Pace of decline in car sales slows

Car sales - CSO figures show slump of 60% in May
Car sales - CSO figures show slump of 60% in May

The latest figures from the Central Statistics Office show another big drop in the number of car sales in May, although the pace of decline slowed a little from the previous month.

The CSO says that 4,480 new private cars were licensed in May 2009, down 60.2% compared with the same time last year. Today's figure compares with a slowdown of over 68% in April.

Retail sales weak despite slight pick-up

The number of new goods vehicles licensed last month slowed by 67.9% to 1,034 from 3,219. This again was a slight improvement on the drop of 75.5% in April.

The total number of all new vehicles licensed during May 2009 was 6,864. This compares with 17,285 the same time last year and represents a fall of 60.3%.

The CSO notes that 45.8% of new cars licensed last month were petrol, while 50.9% were diesel.