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 47,300 people in Ireland (CSO Q1 2019) 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.
Stats Q3 2019
A summary in comparsion to the same period last year
-7.5%New car registrations Q3 2019 Total = 113,976 |
-1.7%Light Commercial Sales (vans) Q3 2019 Total = 23,257 |
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+0.9%Heavy Goods Vehicles (Truck sales) Q3 2019 Total = 2,350 |
+6.7%Used Car Imports Q3 2019 Total = 82,433 |
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Exchequer Returns€1.4 BillionCollected by the Exchequer from car sales Q3 2019 +0.4% compared to Q3 2018 Total Tax Take:New car sales Used car sales (Imports) |
Cost of MotoringFuel-2.6% Petrol decreased since September 2018 InsuranceThe cost of motor insurance in September 2019 was -3.2% lower than a year earlier. Average motor insurance costs since July 2016 -24% lower |
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47,300People currently working in the Motor Industry (CSO Q1 2019) |
New Car Sales Projections2019 2020 |
Q2 2019 Sound Byte
Jim Power Economist & Author SIMI Motor Industry Review Q2 2019
Clip 1: Current performance of the new car market in 2019
Clip 2: Consequences for new car sales if Government do not adjust the Tax bands
Clip 3: A decline in car sales in 2020 will mean job losses
Media
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Photos & Videos Gallery
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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.
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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