The Society of the Irish Motor Industry (SIMI) issued the official 182 new vehicle registration figures for July, along with their second Quarterly Motor Industry Review of 2018.
Car sales figures for the month of July show that 182 registrations are down 2.75% (26,944) compared to July 2017 (27,707). Light commercials are currently up 12.4% (4,433) compared to July last year (3,944), while Heavy Goods Vehicle registrations were also up 23.28% (376) in comparison to July 2017 (305).
New car registration in County Roscommon experienced a decrease of 10.16% on the same period last year. There were 990 new registrations, compared to 1,102 in July 2017.
The report highlights that while Ireland’s economic indicators continue to evolve in a positive manner, pointing towards an expanding economy, as consumer spending continues to improve at a steady rate, the depreciation in the value of sterling since the end of 2015 has made life more difficult for the Irish motor trade, with new car sales been displaced by used imports from the UK.
Used car imports have increased by 11.7% year to date, aided by the weakness in sterling, as the motor industry continues to experience significant uncertainty, with monthly declines in new car registrations figures reflecting the substantial impact of Brexit.
Other noticeable trends within the marketplace show that the average price of a new car in June 2018 was 1.9% lower than a year earlier, while car buyers are paying 4.1% more for higher specifications cars. The recent move away from diesel towards petrol has result in the average C02 emissions from new car sales seeing a slight increase.