Irish motor operation reports €23.8m turnover rise in 2010

Citroën Motors Ireland Ltd has reported an increase in turnover to €23.8 million in 2010, up from €17

Citroën Motors Ireland Ltd has reported an increase in turnover to €23.8 million in 2010, up from €17.7 million the previous year. Accounts filed with the companies office show the firm made a small profit of €159,000 last year, compared to a loss of €768,000 the previous year.

The Irish operation is ultimately a subsidiary of troubled French car giant PSA Group.

Of the €23.8 million in turnover, new vehicle sales accounted for €19 million, used vehicles €2.13 million and replacement parts €2.6 million. Citroën reports that in 2011 the brand had a 1.4 per cent market share, up from 1.2 per cent in 2010. New car registration figures up to November 30th show the brand has a 1.48 per cent market share so far this year, despite the overall market falling by 11.5 per cent.

Michael McAleer

Michael McAleer

Michael McAleer is Motoring Editor, Innovation Editor and an Assistant Business Editor at The Irish Times