New data reveals that used car registrations across Monaghan are up 7.05% in the twelve months to April 2025.
By comparison, car registrations overall in Monaghan grew by 1.18%.
Used car registrations across the country as a whole saw double digit year-on-year growth through February and March and are up 0.76% overall on 2024.
The growing popularity of used cars comes as the Central Statistics Office (CSO) reveals that the cost of living in Ireland continues to grow, with prices up by 2.2 per cent in the 12 months to April. Elsewhere, according to beepbeep.ie, drivers in Monaghan's first choice when it comes to car brand is Hyundai, followed by Skoda, Toyota, Peugeot, and Volkswagen.
The data, published by beepbeep.ie*, coincides with the launch of an innovative new PCP finance product aimed at further unlocking Monaghan's used car market. Close PCP is the first in Ireland to offer a future minimum value guarantee to the whole used car market.
Commenting, Donal Murphy, Managing Director at Close Brothers Motor Finance Ireland said: "Our innovative Close PCP product has been designed to take the risk of market depreciation off forecourts across Monaghan and onto our own books. This will allow Monaghan car dealers to offer a greater range of vehicles to prospective car shoppers.
"This is good news for drivers, meaning more choice and lower prices on higher-spec second-hand cars. It's good news for Monaghan in that newer cars are cleaner cars, and it's good news for dealers, meaning they're no longer hamstrung in what they can offer their customers by the risk of depreciation. We look forward to working with dealers across the county as we deliver greater choice for drivers."
