Belfast Telegraph

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Concern over 2% slump in new car sales

By Margaret Canning

Published 05/11/2016

Ulster Bank chief economist Richard Ramsey
Ulster Bank chief economist Richard Ramsey

New car sales in Northern Ireland fell by 2% during October, according to latest figures.

The Society of Motor Manufacturers and Traders said there were 3,597 new cars sold in October, down from 3,677the same month a year earlier.

The Volkswagen Golf was Northern Ireland's top-seller in October, followed by the Ford Fiesta and Kia Sportage.

But over the first 10 months of this year, the Ford Fiesta was the province's best-selling car, followed by the Golf and the Hyundai Tucson.

Ulster Bank chief economist Richard Ramsey said it had been the worst October for car sales in three years. "While the UK continues to post record sales, Northern Ireland's showrooms are reporting sales that are 12% below the levels experienced a decade ago," he explained.

Mr Ramsey added that with inflationary pressures and key benefits being frozen, 2017 would be a challenging year for consumers across the country.

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