While new car sales were slightly up when compared to February last year, they are down 11% year to date and down 18% on 2019. Strong pre-orders at the end of last year along with the ability to offer a click and deliver service have helped the Industry, as has the reduced VAT rate during the first two months of the year, which has brought some March sales forward. Looking ahead to March, with most year-end pre-orders having been fulfilled, the increased VAT rate and with the absence of car hire, it is anticipated that the month ahead will be a challenging one for the Industry.
Following the Government’s recent announcement (6/01/20). Vehicle Sales is not classed as “Essential Retail”. Showrooms must remain closed to the public. Click and collect from non-essential retail outlets is no longer permitted with immediate effect. Existing orders may be collected. Click and deliver will continue to be permitted. Customers should check with their local retailer. Vehicle servicing and repair, NCT and CVRT continue to be classed as essential retail outlets undertaking essential services.
The Society of the Irish Motor Industry (SIMI) today released their official new vehicle registrations statistics. New car registrations for October seen an increase of 6.2% (2,315) when compared to October 2019 (2,179). While registrations year to date are down 25.2% (86,870) on the same period last year (116,124).
“August represents another disappointing month for new car sales, with sales again down on the same month last year, as they have been each month of 2020. This has led a year to date reduction of 29% in new cars sales, and a 43% reduction over the last 4 years. The Industry is operating at the same business levels as 10 years ago, when the sector shed close to 15,000 jobs.
The Society of the Irish Motor Industry (SIMI) today released their official new vehicle statistics. New car registrations for July were down 14.1% (21,213) when compared to July 2019 (24,681). While registrations year to date are also down 29.8% (74,069) on the same period last year (105,439).