Dublin car dealership Appleyard Motors has ceased trading, with a liquidator expected to be appointed next Tuesday.
The Sandyford-based operation had been in business for 27 years. Previously a Peugeot and Seat dealer, it became a Ford dealership in 2009.
Eddie Murphy of Ford Ireland said: “The continuing decline in volumes and margins in the car trade has rendered the high operating costs of the [Appleyard] business unsustainable.”
Appleyard Motors was founded in 1985 by Graham Sedgwick and Colin Farrell.
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The new-car market continues to decline, down 8.7 per cent so far this year. The SIMI predicts 75,000 sales this year compared with nearly 90,000 last year.