Ulster Bank economist Richard Ramsey says 2021 will go down as the second worst year for car sales.
Ulster Bank economist Richard Ramsey said year-to-date sales are down "a hefty 28.5% relative to the corresponding 11-month period in 2019 that pre-dates the pandemic".
"With just one month remaining, 2021 looks set to exceed last year's record low but it will still go down as the second worst year for car sales on record." He added that the reduced supply of new stock flowing into the used car market will likely continue to push up prices of second-hand cars.
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