Quarterly Reports

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An economic review of the Irish Motor Inductry

SIMI Motor Industry Review

Q1 of 2018
Published 24th April 2018

About the Report

SIMI (The Society of the Irish Motor Industry) commissioned Economist Jim Power to conduct a quarterly review of the Irish Motor Industry.

The Motor Industry currently employs 40,100 people in Ireland and generates a fifth of all indirect taxes for the State. While it is often the first to be affected when the economy takes a turn for the worst, as people put off making significant purchases, it is also one of the first to recover.

The concept of this report is to review not just the business health of the Industry on a quarterly basis but also to collate information from various sources to help develop a wider picture of where our sector fits into the overall economy and into the social life of the country.

Q1 2018

A summary in comparsion to the same period last year

-5.5%

New car registrations Q1 2018

Total = 71,805

 

-5.3%

Light Commercial Sales (vans) Q1 2018

Total = 12,529

     

-11.2%

Heavy Goods Vehicles (truck sales) Q1 2018

Total = 916

 

-9.44%

Used Car Imports Q1 2018

Total = 26,114

     

Exchequer Returns

€754.7 Million

Collected by the Exchequer from car sales
Q1 2018 +0.2% compared to Q1 2017.

Total Tax Take:

New car sales
€669.7 million, -1.2% lower than Q1 2017.

Used car sales (Imports)
€85 million, +12.7% ahead of Q1 2017.

 

Cost of Motoring

Average price of a new car on -1.9% lower March 2018 than March 2017

Fuel

-0.7% Petrol decrease
(March 2018 v March 2017)
-0.5% Diesel decrease
(March 2018 v March 2017)

Insurance

The cost of motor insurance in March
2018 was 13.8% lower than a year earlier.

Average motor insurance costs in 2018
were +37% higher than in 2013.

     

40,100

People currently working in the Motor Industry (CSO Q4 2016)

 

2018 New Car Sales

Projection 118,220 car sales

Q1 2018 Sound Byte

Listen to author & economist Jim Power speaking on his finds for
the first quarter SIMI Motor Industry Review of 2018

Media

Download photos, logos, infographics & press releases

Photos & Videos Gallery

Take a look and enjoy!

SIMI DoneDeal Quarter 2 2017 Video

Speaking:
Gavin Hydes SIMI President
Jim Power Review Author

The Story of the Motor Industry in 2016

Highlights from Q4 Motor Industry Review 2015

Speaking:
Mark Boggan SIMI President
Jim Power Review Author
Alan Nolan Director General SIMI
Cathal Cremen Commercial Manager DoneDeal's Motor Section

Highlights from Q2 Motor Industry Review 2015

Speaking:
Alan Nolan Director General SIMI
Cathal Cremen Commercial ManagerDoneDeal's Motor Section

SIMI DoneDeal
Quarter 1 2016 Infographic Video

About Jim Power

Jim Power is owner manager of Jim Power Economics Limited, an economic consultancy. He is Economic Advisor to the Friends First Group and was previously Treasury Economist at AIB Group and Chief Economist at Bank of Ireland Treasury.
Jim writes a weekly column in the Irish Examiner and occasional articles for other publications. He lectures on the MSc Management course at Smurfit School of Business UCD. He is a board member of AgriAware, the food awareness body and is Chairperson of Love Irish Food and Three Rock Capital Management an investment company. Jim is a native of Waterford.

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About SIMI

SIMI is the national representative body and official voice of the Motor Industry in Ireland. SIMI is a member's organisation which consists of Dealers, Repairers, Car & Commercial Vehicle Importers/Distributors, Wholesalers, Retailers, Vehicle Testers, Fuel Retailer and many more important operators within the Industry. In addition to representing the views of the Motor Industry to Government, State Bodies and the Media, SIMI develops standards regarding the conduct of retail members and provides a free Customer Complaints Service for consumers who have dealt with a retail member of SIMI.

Launch of Motor Industry Review
1st Feb 2017

Minister Brendan Howlin pictured along side the top 5 selling Car brands for January 2016

Minister Brendan Howlin speaking at the launch our Q4 SIMI/DoneDeal Motor Industry Review

Minister Brendan Howlin officially launches the SIMI DoneDeal Motor Industry Review Q4 2015

Damien English Minister of State with special responsibility for Skills, Research and Innovation (Department of Education and Skills and Jobs, Enterprise and Innovation) officially launch our second Quarterly Motor Industry Review, on the 4th of August 2015

SIMI President Mark Boggan with Minister Damien English and Alan Nolan Director General SIMI at the launch of our Q2 Motor Industry Review 2015

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