In Q3 2023, car loan values in Ireland rise 39.6% YoY to €189 million, driven by electric car sales growth.

In Q3 2023, car loan values in Ireland experienced a significant 39.6% year-on-year increase, reaching a new high of €189 million, driven by strong growth in electric car sales. This growth represented one in five new cars licensed in Ireland. The increase was accompanied by a 25.5% year-on-year rise in the number of car loans to 14,994. The growth in car loans can be attributed to factors such as higher car prices and increased demand for luxury and electric vehicles.

February 09, 2024
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