Survey shows Irish car prices above EU average

Car prices in Ireland are almost a third higher than the EU average and are continuing to rise according to research from motoring research firm roadtodata.com.

The data shows that car prices in Ireland rose by 1.7% in the twelve months to the end of April. Fuel prices also increased during the same time.
“Average prices for diesel (model sales) increased by 2.2% as diesel sales grew by nearly 20% compared to a year earlier, taking diesel’s share of the Irish new car market to 21%. Petrol market sales grew much less quickly, by only 5%, with petrol vehicle prices increasing by 1.7%,” the survey said.

The average car price in Ireland, including Vehicle Registration Tax (VRT) was 30% higher than in other eurozone countries at the end of the first quarter.
Car prices in Denmark are 93% more expensive than the average. Switzerland is the least expensive. Car prices in the first quarter of the year were 10% below the average when measured in euros.

Portugal was identified as the market with the highest rate of increase in new car prices. In the UK, car prices rose much faster than the European average despite the market still declining slightly. Price increases in Spain, Germany and France were close to the European average.