The total number of new car sales in April 2011 was 11,171, up 15.1% from 9,599 in April 2010. As can be observed in Figure 1 there has been a month on month continual increase in new car sales in 2011 compared to 2010 and 2009. However, April 2011 new car sales are still 36% lower than they were in 2008 and 48% lower than they were in 2007. April new car sales are also lower than January, February and March car sales. This is typical given the seasonal variation associated with car sales in which most purchases occur at the start of the year.
Justin Doran is a Lecturer in Economics, in the Department of Economics, University College Cork, Ireland.