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SIMI Motor Industry Review in association with DoneDeal

Q1 Quarterly Review 2017

Issued 20th April 2017

 

 

SIMI/DoneDeal Motor Report "2017 proving unpredictable for Motor Industry"

The Society of the Irish Motor Industry (SIMI) in association with DoneDeal issued their first Quarterly Motor Industry Review for 2017. 

The SIMI/DoneDeal Report highlights the challenging and uncertain year that the Industry has faced with new car sales (-8%) and commercial vehicle sales (LGV’s -11% and HGV’s -3%) both reporting a decline in the first quarter of 2017 despite the Irish economic prospects looking better than at the beginning of the year.   

Click to hear Jim Power Economist & Author of the SIMI/DoneDeal Motor Industry Review Q1 2017

Click here to download report

Click here to view press release 

Q4 Quarterly Review 2017

Issued 1st February 2017

SIMI/DoneDeal Motor Report indicates steady start for 171 with registration numbers close to 2016

The Society of the Irish Motor Industry (SIMI) issued the official 171 car sales figures for January along with presenting their final SIMI/DoneDeal Quarterly Motor Industry Review of 2016. Alan Greene President of SIMI officially launched the report at the Clayton Hotel Dublin 4. 

Pictured: Cathal Cremen, Commercial Manager of DoneDeals Motor Section, Alan Greene SIMI President and Jim Power Economist and author of the SIMI/DoneDeal Review

 

Car sales figures for the month of January show that 171 registrations are -1.7% (39,019) compared to January 2016 (39,722). Light Commercials are currently -2.4% (6,394) compared to January last year (6,555), while HGV (Heavy Goods Vehicle) registrations are -6.3% (456) for January in comparison to the same time last year (487). 

The SIMI/DoneDeal Report highlights the strong economic performance of the Motor Industry last year, with growth in registration figures seen across all counties along with the upbeat nature of business confidence and investment reflected in commercial vehicles despite a softening of the market towards the latter half of 2016.

Click here to download report
Click here to view press release
 

Q3 Quarterly Review 2016

Issued 8th November  2016

SIMI/DoneDeal Motor Report indicates strong 2016, but urges caution for 2017
SIMI has issued the third Quarterly Motor Industry Review for 2016 in association with DoneDeal, at the SIMI National Retailers Conference held in Killashee Hotel, Naas, Co. Kildare.



The SIMI/DoneDeal Report highlights the strong performance in the first half of the year for the Industry followed by a slowing down of new car sales from August onwards.  

Sales to the end of September 2016 were 143,190, up 18.4% on the first nine months of 2015.  Based on this the SIMI/DoneDeal report forecasts final sales of 147,000 for 2016 with a similar outcome anticipated for new car sales in 2017.   
Jim Power Economist and author of the SIMI/DoneDeal Report said: “The auto industry is still performing strongly, but there have been clear signs of deceleration in sales in recent months. Looking ahead to 2017, the outlook for car sales is extremely uncertain. New car sales in 2016 should be close to 147,000 and similar outturn for what is expected to be a very uncertain market due to Brexit effects.” 

The Review also indicates the changes in the costs of motoring since last year.  The cost of a new car has decreased by 3.5% since September 2015, while the cost of petrol is down 5.0% and diesel is down 4.6% in those 12 months. However the price of motor insurance has increased 25.1% since September 2015 and is up 68.7% since September 2013.   

The Review also indicates the changes in the costs of motoring since last year.  The cost of a new car has decreased by 3.5% since September 2015, while the cost of petrol is down 5.0% and diesel is down 4.6% in those 12 months. However the price of motor insurance has increased 25.1% since September 2015 and is up 68.7% since September 2013.   



Q2 Quarterly Review 2016

 Issued 21st July 2016

  Motor Industry takes more conservative view of 2017
 SIMI has issued our second Quarterly Motor Industry Review of 2016 in association with DoneDeal.The SIMI/DoneDeal report highlights the strong performance that the Motor Industry has made in the first half of 2016 with the Exchequer collecting €978.4 million in VRT and VAT receipts from new and used car sales in the first half of 2016, which is 28.5% higher than the same period in 2015. Although there has been some deceleration as the year has progressed, the economic  outlook is still positive with total car sales forecast to reach 152,000 by the end of the year.  

Jim Power Economist and author of the SIMI/DoneDeal Report said: “Despite the still-positive economic outlook, growth in car sales could be low or maybe even flat in 2017. This slowdown in growth reflects a market approaching, but still lower, than its natural state, after a prolonged period of catch up, but one that is now shrouded in Brexit uncertainty.”

Q1 Quarterly Review 2016

Issued 20th April 2016

Good start for new car registrations as Industry moves towards normality
SIMI has issued their first Quarterly Motor Industry Review in association with DoneDeal for 2016. The SIMI/DoneDeal report highlights the progress that the Motor Industry has made so far this year while presenting an outlook for the coming year. 

The key drivers of new car sales look set to remain positive, with the current momentum of the Irish economy strong, employment set to increase, improved earnings and consumer confidence remaining positive. 

Against this background, Jim Power Economist and author of the SIMI/DoneDeal Report said: “New car registrations should be capable of expanding by around 25%, giving total sales of 156,181 for 2016. Looking ahead to 2017, while it is impossible to forecast that far ahead with any degree of confidence, another good year should be in prospect for the auto industry.”


 

Quarterly Review 2015

4th Quarterly Review of 2015

SIMI DoneDeal Quarterly Motor Industry Review Q4 of 2015 has been launched by  Brendan Howlin TD Minister for Public Expenditure and Reform.

Minister Brendan Howlin,  Mark Boggan SIMI President, Economist Jim Power and Cathal Cremen DoneDeal

On the 1st February 2016 Brendan Howlin TD Minister for Public Expenditure and Reform officially launched the report at the Office of Wexford County Council. The SIMI/DoneDeal Report highlights the progress that the Motor Industry made in 2015 while the combined release of the 161 registration figures reflect the continued growth in sales which is helping the Industry to return to more normal levels of sales.

Mr Brendan Howlin TD Minister for Public Expenditure and Reform

Third Quarterly Review

10th November 2015 Economist Jim Power author of the report outlined his findings for the SIMI/DoneDeal 3rd Quarterly Motor Industry Review at the SIMI National Retailers Conference and  his views for the Industry for 2016.

Economist Jim Power, Mark Boggan SIMI President and Cathal Cremen DoneDeal


Second Quarterly Review
In August 2015 Damien English, T.D., Minister of State at the Departments of Education and Skills & the Department of Jobs, Enterprise and Innovation with Special Responsibility for Skills, Research and Innovation, officially launched the 2nd SIMI/DoneDeal Quarterly Motor Industry Review. Economist Jim Power author of the report outlined his findings and opinions for the remainder of 2015. 


First Quarterly Report
February 2015 Economist Jim Power launched his first quarterly report on the Irish Motor Industry for 2015.Jim presented the findings of his comprehensive report on the Irish Motor Industry in Q1 2015 and gives an analysis of the challenges and opportunities that lie ahead for the Industry.



Download SIMI /DoneDeal Motor Q1 Industry Review 2015 

 

2014 Previous Quarterly Reviews
During 2014 four quarterly Motor Industry reviews have been completed which provide a snap shot into the marketplace during that period in time.

First Quarterly Report Q1 2014 full report available click here
Second Quarterly Report Q2 2014 full report available click here
Third Second Quarterly Report Q3 2014 full report available click here
Fourth Quarterly Report Q4 2014  fulll report available click here

2014 Quarterly Review Presentations

     

        

Quarter 3 Motor Industry Review Presentation                         Quarter4 Motor Industry Review  2014 2nd feb 2015 

For press release, additional photos, and information click on