An economic review of the Irish Motor Industry
SIMI Motor Industry Review
Q2 of 2018
Published 1st August 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 35,900 people in Ireland (CSO Q12018) 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.
Q2 2018
A summary in comparsion to the same period last year
-4.5%New car registrations Q2 2018 Total = 87,151 |
+5.7%Light Commercial Sales (vans) Q2 2018 Total = 16,633 |
|
-1.1%Heavy Goods Vehicles (truck sales) Q2 2018 Total = 1,571 |
12.8%Used Car Imports Q2 2018 Total = 51,879 |
|
Exchequer Returns€985.9 MillionCollected by the Exchequer from car sales Total Tax Take:New car sales Used car sales (Imports) |
Cost of MotoringAverage price of a new car on -1.9% lower June 2018 than June 2017 Fuel+9.7% Petrol increase InsuranceThe cost of motor insurance in June Average motor insurance costs in 2018 |
|
39,900People currently working in the Motor Industry (CSO Q1 2018) |
2018 New Car SalesProjection 125,000 car sales |
Q2 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.
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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