New car registrations down over 20% in Carlow, latest figures from SIMI have revealed

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Darren Hassett

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There were 815 new car registrations between January and April of this year

New car registrations are down over 20% in Carlow, latest figures have revealed

There were 815 new car registrations between January and April of this year which compares with 1,027 compared tot he same period last year. 

The Society of the Irish Motor Industry (SIMI) this week issued the new vehicle registrations statistics for April along with their Quarterly Motor Industry Review Q1 of 2019.

Nationally, new car registrations for the month of April were up 10.8% (8,923) when compared to April 2018 (8,053). While new cars registrations year to date remain 8.5% (73,044) down on the same period last year (79,813).  

New Light Commercial Vehicle registrations (LCV) were slightly up 1.12% (1,812) on April 2018 (1,792) and year to date are down 9.95% (12,892).

While New Heavy Commercial Vehicles (HGV) have increased 27.27% for the month of April (308) compared to the same month last year (242) and are up 3.11% (1,194) year to date.

Imported Used Cars increased by 2.8% for April 2019 (8,886) when compared to April 2018 (8,644) and year to date are 2.75% (35,717) ahead of 2018 (34,761)

The SIMI Report shows that while the Irish economy is still positive, both new cars and commercial registrations, declined in the first quarter of 2019 with the exception of both electric cars and used car imports.

External threats such as Brexit uncertainty, greater consumer caution and the ongoing growth of used imports continue to undermining new car sales.

Another contributing factor is the increase in the VRT on new cars, arising from the fact that no allowance was made by the Irish authorities for the first step in the move to the new WLTP testing regime.

Brian Cooke Director General of SIMI said: “This rise in new car registrations for the month of April is in reality a timing issue. Easter is a key period for car-hire business and with it falling later than usual in 2019, this pushed some car-hire that normally occurs in March into April.

"The real indication of the new car market environment is the year to date figures, which show a nearly 11% decrease on last year. The outlook for the remainder of the year is still very uncertain for the Industry.

"Looking forward to 2020, with the next phase of the WLTP Testing due for implementation, it is vital for the Industry that any changes to taxation systems are flagged well in advance of their implementation date to allow the Industry plan their businesses in a normal and effective manner."