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New Year boost sees car sales back in top gear

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Pictured at the SIMI Motor Industry Review Q4 January Car Sales were (from left) Cathal Cremen, Commercial Manager, Done Deal; SIMI President James Brooks, Economist Jim Power, and SIMI DG Alan Nolan.

The car sales sector is continuing on its path to recovery, with new figures showing business is up by almost one-third already this year.

The figures – compiled for the Connacht Tribune by car history site motorcheck.ie – show there were 1,225 new passenger vehicles registered in Galway in January – that’s up 29% on the 950 in January 2014.

The import of used cars was down 10% from 330 to 296 for the same comparative period, while commercial vehicles and Heavy Goods Vehicles are up nearly 40% from 166 to 230.

Alan Nolan, Director General of the Society of the Irish Motor industry (SIMI) said the increase in sales is positive for the industry.

“The car sales figures for January are a huge boost to the motor industry in Galway. Last year saw a recovery for the car market and to see this continue into 2015 is great news for the area.

“It will mean more money into the local economy and the creation of more jobs within the sector. The recession was particularly challenging for the motor industry and while it will take time to rebuild, the increases in sales will continue to aid recovery,” said Mr Nolan.

Last year, there were 3,778 new passenger vehicles sold across Galway, up almost 28% on 2013. Economist Jim Power said: “After a number of very difficult years for the motor trade, the strong growth in car sales reflects improving consumer confidence and spending across the country.

“While we have not reached the highs of 2008, consumers are showing more confidence in the market and the indications are that we will continue to inch upwards this year provided economic and political conditions remain stable,” he said.

The most popular ‘151 G’ cars on the roads at the moment are the VW Golf (76) and Toyota Corolla (75), followed by the Nissan Qashqai (56), Skoda Octavvia (51) and Toyota Auris (37).

 

Connacht Tribune

Galway firm’s tidal energy collaboration

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ÉireComposites’ Chief Executive Officer Tomas Flanagan

A pioneering Connemara company has joined forces with NUIG and some of the world’s leading developers of underwater power systems on a major new initiative to harness tidal energy – and produce clean electricity.

ÉireComposites – the design, manufacturing and testing company, with over 60 employees based in Inverin – is collaborating with other global leaders to develop and market a state-of-the-art marine hydrokinetic turbine.

And when operational, this innovative power system will produce clean energy at a reduced cost, while increasing reliability and performance of electricity output.

Known as the CRIMSON project (Commercialisation of a Recyclable and Innovative Manufacturing Solution for an Optimised Novel), this is funded by the European Commission via Fast Track to Innovation programme.

And as the only Irish-led project to receive funding, ÉireComposites secured €3 million for this €3.9m project to lead the international consortium of four other organisations – ORPC, with operations in Ireland, Canada and US; NUIG; Mitsubishi Chemical Advanced Materials in Germany, and Consiglio Nazionale delle Ricerche in Italy.

For more, read this week’s Connacht Tribune.

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Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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Connacht Tribune

Pandemic sees surge in digital

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David Curtin...digital upsurge.

The pandemic – and the need to switch business to the net – saw a massive 37% rise in new .ie domains registered in Galway over the last twelve months.

In total, 2,927 local businesses, services, and community groups mobilised online in response to pandemic, according to the latest .IE Domain Profile Report.

And that reflected the national picture which saw 65,113 new .ie domains registered in total in 2020 – the highest ever figure – with registrations peaking in May, six weeks after Government ordered non-essential retail to close.

There were 5,705 new .ie domain registrations in Connacht alone in 2020, a 38% increase on 2019. Indeed every county on the island recorded an increase in registrations. .IE is the national registry for .ie domain names.

David Curtin, Chief Executive of .IE, Ireland’s national registry for .ie domains said there had been a ‘mass mobilisation of digital in every part of the economy and society’ in response to the challenges of the Covid-19 pandemic.

“It suggests that businesses and public services, regardless of county or whether they are in a city or a small town, were able to quickly and easily set up an online presence and meet local demand in response to the Covid-19 pandemic. This is evident in Galway and across the entire province of Connacht,” he said.

“Businesses migrated online, many for the first time, in direct response to the lockdowns,” he said. “They realised that having an online presence, and in many cases e-commerce capabilities, would at the very least minimise the damage of reduced or non-existent footfall.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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Connacht Tribune

Western Development Commission invests €2m in Galway based Atlantic Therapeutics

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Manager at WDC at the recent announced of the WDC’s €2m investment.

The Western Development Commission has recently invested €2million in Atlantic Therapeutics, the Galway-based company pioneering a non-invasive, wearable treatment for urinary incontinence – a condition that impacts on one in three women worldwide.

It’s the largest single investment the WDC Investment Fund has made to date and is complemented by returning investors Seroba Life Sciences, Earlybird, LSP, Andera Partners and Atlantic Bridge, who continue their ongoing support for Atlantic Therapeutics with a substantial undisclosed investment.

The financing will support the expansion of the company’s commercialization activities in the core US and UK markets for its INNOVO technology to treat urinary incontinence. Also known as bladder weakness, urinary incontinence is a stigmatised condition that impacts one in three women worldwide, having a profoundly negative impact on quality and enjoyment of life.

Atlantic Therapeutics has established the INNOVO brand as the leading innovation in non-invasive, wearable neuromuscular electrical stimulation. The device acts to strengthen the pelvic floor and thereby treat the underlying cause of bladder weakness.

The technology has offered hope to millions of women worldwide whose only option to deal with bladder leaks has to been to use feminine hygiene pads.

The Western Development Commission’s €75m Investment Fund is an Evergreen investment fund, providing seed and venture capital and loan finance to SMEs, micro-enterprises, social enterprises and community projects across the Western Region.

To date, it has invested in more than 200 enterprises supporting over 5,000 jobs and leveraging over a quarter of a billion investment for western enterprises.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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