Posted on Thursday 7 August 2014 by Ulster Business

New car registrations grow as confidence recovers

The Nissan Qashqai was the most popular new car registered in Northern Ireland in July

More drivers in Northern Ireland are enjoying that new car smell as the recovering economy prompts an increase in big ticket purchases.

A total of 4,159 new cars were registered here in July, that’s 347 more than the same month last year and a sign we’re are feeling more confident about their finances.

Consumers are more likely to splash out on so-called big ticket purchases if they’re in a more solid financial situation and can afford to either pay for them in full or meet the repayments on a loan.

The Nissan Qashqai took the top spot in the list of most popular vehicle during the month, followed closely by the Ford Focus and Volkswagen Golf.

The latest data, from the Society of Motor Manufacturers and Traders, brings the total number of new cars on the road since the start of the year to 9,484, a jump of nearly 12% on 2013.

That’s a performance which places Northern Ireland as the fastest growing region for new car registrations in the UK.

On a yearly basis, the Ford Fiesta remains the most popular new car in Northern Ireland, as well as in all other UK regions.

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