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€1.2 Billion Generated for the Exchequer from new Car Sales so far in 2016

01 September 2016

Today the Society of the Irish Motor Industry (SIMI) issued the official 162 car registrations for the month of August showing an increase of 14% (7,313) when compared to August 2015 (6,400), while the total new car sales are up 19% (138,538) compared to the same period last year (116,195).

Within the business sector commercial vehicles are continuing to perform well with Light Commercial Vehicles (LCV) up 11% (1,815 ) on the same month last year (1,642) and currently, year to date, are up 22% (24,545) overall. While Heavy Goods Vehicle (HGV) registrations, are also up 49% for the month of August (251) 2016 when compared to August last year (169), with registrations up 41% year to date. 

Commenting on the figurers SIMI Director General Alan Nolan said “The Motor Industry has been working hard to deliver the continuing level of growth in what has been a noticeably more difficult market since June. As we move toward the end of 3rd quarter of the year the Industry remains focused on business still to be done, with strong offers still available for consumers. In contrast with the era before the two-period registration system was introduced, when sales were all but finished in the first quarter, the interest in new vehicle sales now tends to carry to the end of the third quarter, but obviously at a lower rate.

We believe the Industry is still on course to deliver close to 150,000 new car sales by the end of the year, indeed new car sales have already generated €1.2 Billion for the Exchequer in VRT and VAT receipts. Our Industry currently employs over 42,000 people nationwide and it is crucial that the provisions in the forthcoming Budget for 2017 support rather than undermine the State’s tax revenues and employment across the sector. It is important that Budget 2017 contains measures that improve the position of both consumers and businesses. The potential for post-Brexit Sterling exchange rates to drain business away from the Irish domestic economy was highlighted by the increase of 76% in the number of Imported Used Cars in July, so clearly the last thing we need at this stage is any further damaging tax increase in the forthcoming Budget. Suggestions of piece-meal increases on diesel fuel or indeed on Road Tax being considered, at a time when soaring insurance costs are already impacting, would be damaging and extremely ill-conceived given that a new EU emissions regime is being rolled-out from next year which will require a major review of our current environmental taxation. 

Our Industry, like the rest of the domestic economy, needs stability and as much certainty as is possible to support consumer and business confidence, especially given concerns regarding Brexit, in order to support a continuation of the recovery and progress of the past few years.

- Ends-

Notes to Editor
Visit beepbeep.ie for full stats

Stats in short:
• New car sales year to date (2016) 138,538 V (2015) 116,195  +19%
• New car sales total August (2016) 7,313 V (2015) 6,400  +14%
• Car Sales by county year to date  Click here to download
5 Top Selling Makes for the Year 2016:
1. Hyundai, 2. Toyota, 3. Volkswagen, 4. Ford, 5. Nissan
5 Top Selling Models for the Year 2016
1 Hyundai Tucson, 2 Volkswagen Golf, 3 Ford Focus, 4 Skoda Octavia,5 Nissan Qashqai
• Top selling car for the month of August Hyundai Tucson
• Top selling colour for the month of August and year to date is Grey
• Light Commercial Vehicles sales year to date (2016)24,545 V (2015) 20,188 +22%
• Light Commercial Vehicles sales total August (2016) 1,815 V (2015) 1,642 +11%
• Top selling make for the month of August and year to date Ford Transit Van
• Heavy Goods Vehicle total sales year to date (2016) 2,433 V (2015) 1,726 +41%
• Heavy Goods Vehicle sales total August (2016) 251 V (2015) 169 +49%

New Cars by County Year to Date

County

2016 Units

2015 Units

% Change

2016 % Share

2015 % Share

Carlow

1683

1396

20.56%

1.21%

1.2%

Cavan

1525

1324

15.18%

1.1%

1.14%

Clare

3029

2506

20.87%

2.19%

2.16%

Cork

17949

14291

25.6%

12.96%

12.3%

Donegal

3375

2798

20.62%

2.44%

2.41%

Dublin

54325

46808

16.06%

39.21%

40.28%

Galway

5533

4775

15.87%

3.99%

4.11%

Kerry

3097

2535

22.17%

2.24%

2.18%

Kildare

5715

4779

19.59%

4.13%

4.11%

Kilkenny

2703

2243

20.51%

1.95%

1.93%

Laois

1696

1384

22.54%

1.22%

1.19%

Leitrim

599

532

12.59%

0.43%

0.46%

Limerick

4937

4066

21.42%

3.56%

3.5%

Longford

686

611

12.27%

0.5%

0.53%

Louth

3047

2589

17.69%

2.2%

2.23%

Mayo

2676

2272

17.78%

1.93%

1.96%

Meath

4433

3449

28.53%

3.2%

2.97%

Monaghan

1179

1009

16.85%

0.85%

0.87%

Offaly

1811

1441

25.68%

1.31%

1.24%

Roscommon

1352

1030

31.26%

0.98%

0.89%

Sligo

1256

1059

18.6%

0.91%

0.91%

Tipperary

3954

3341

18.35%

2.85%

2.88%

Waterford

3532

2788

26.69%

2.55%

2.4%

Westmeath

2094

1800

16.33%

1.51%

1.55%

Wexford

3325

2762

20.38%

2.4%

2.38%

Wicklow

3027

2607

16.11%

2.18%

2.24%

FOR MORE INFORMATION: 

Contact: Teresa Noone, PR & Marketing Manager SIMI, 087 792 8844 / 01 6761690 tnoone@simi.ie