New figures were released today, and they are not pretty. I’ve tabulated all new car sales on file from the CSO, that is since 1965: (The data was gleaned from here)
Here is the large version of that image.
New car sales are now hovering around what they were at least 15 years ago. I’ve put the data into a public spreadsheet.
Another illustrative chart is house completions since 1975. We have returned to levels last seen in 1992. (The data was gleaned from here)
Another very illustrative chart, especially in the context of NAMA is this graph. It shows average house prices since 1975.
Where do you reckon prices are going naturally? If you draw a line from 1975 along the average until the bubble started around 1996/1997 and keep going… prices would be headed back to around 4 times average salary, circa €120,000. (The data was taken from here)
Gavin, crucial clarifiaction needed on the house build and price stats. Do the figures include all units of accommodation, ie a house was typically a house in the 70s to early 90s – semi-d, 3 beds, front and back gardens. I suspect the definition of 'house' since the early 90s may include 1-bed apartments, in which case there would be a huge difference in what your money could buy you (measured in sq footage) at the different ends of the time axis.
Thanks Conan, Ill stick in the links to the CSO data
It's an interesting idea. Thank you for this post – very well said and balanced. Can you tell me who did your layout? I’ve been looking for one kind of like yours. Thank you
I think there will be little bit rise in new car sales.