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Irish monthly retail sales rise on new car registrations

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Irish monthly retail sales rise on new car registrations

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DUBLIN (Reuters) – Irish retail sales volumes rose 11.9 percent month-on-month in July, data showed on Monday, marking the traditional rush by consumers to buy cars with new vehicle registration plates that went on sale last month. However with new car sales down 10 percent so far this year as some motorists prefer to import cars from Britain due to the sharp fall in the value of sterling against the euro, annual retail sales growth remained subdued at 2.1 percent. Excluding the volatile car market, annual “core” sales remained near a 12-month high of 7 percent high, falling 0.2 percent month-on-month.

(Reporting by Padraic Halpin; Editing by Robin Pomeroy)
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