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No Budget Negatives in 2018 as August Registrations down 21%

01 September 2017

Official statistics released today by the Society of the Irish Motor Industry (SIMI) show that new car registrations for the month of August, were down 21% (5,754) when compared to (7,297) August 2016, while new cars registrations year to date are down 10% (124,711) on the same period last year (138,504). 

The new Commercial vehicle sector has also seen a decrease with Light Commercial Vehicles (LCV) registrations down -23% (1,380) on August 2016 (1,797) and year to date are down -14% (21,039). While new Heavy Commercial Vehicles (HGV) have declined -18% for the month of August (204) compared to the same month last year (250) and are down -14% (2,102) year to date.

Commenting on the figures SIMI Deputy Director General, Brian Cooke has called for no negative decisions in Budget 2018 stating: “Our Industry continues to experience a direct impact from Brexit in the market place. Used car imports for the month of August increased by 31% (8,451) while year to date have increased by 40% (62,161) and these numbers have a knock-on impact on used car values and new car sales volumes. The 1st of September marks the commencement of new EU Emissions testing regime (WLTP) for new cars which will bring more accurate information for consumers on emissions and fuel consumption.

Ahead of Budget 2018 our message to the decision makers is simple with this declining market there should be no negative taxation decision in relation to VRT, road tax, or fuel. The Industry is focused on offering alternative fuel solutions and the government can encourage customers to avail of these through a variety of incentives. Some car brands have already rolled out their own initiatives to encourage the removal of older vehicles with the purchase of new cleaner cars.”     

Stats in short:

  •  New car sales year to date (2017) 124,711 v (2016) 138,504 -10%
  •  New car sales total August (2017) 5,754 v (2016) 7,297 -21%
  •  Light Commercial Vehicles sales year to date (2017) 21,039 v (2016) 24,528 -14%
  •  Light Commercial Vehicles sales total August (2017) 1,380 v (2016) 1,797 -23%
  •  Heavy Goods Vehicle total sales year to date (2017) 2,102 v (2016) 2,432 -14%
  •  Heavy Goods Vehicle sales total August (2017) 204 v (2016) 250 -18% 
  •  Used Car Imports year to date (2017) 62,161 V (2016) 44,404 +40%
  •  Used Car Imports total August (2017) 8,451 v (2016) 6,472 +31%
  •  5 Top Selling Car Brands Year to Date were: 
    1. Volkswagen, 2. Toyota, 3. Ford, 4. Hyundai, 5. Nissan 
  •  5 Top car model’s year to date were:
    1. Hyundai Tucson, 2. Nissan Qashqai, 3. Volkswagen Golf, 4. Skoda Octavia, 5. Ford Focus
  •  Top Selling Car Month of August: Skoda Octavia
  • Click to download new car registrations by county year to date (January-August 2017) 

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