New car sales highest in eight years

Written 2 years ago by Rebecca Donnelly


New Car Sales for 2016 up 17.4% (146k) the highest in 8 years.

However Motorcheck.ie warn that the continuing increase in Used Car imports may result in a levelling off or decrease in new car sales during 2017.

Commenting on the figures, Michael Rochford, Managing Director of Motorcheck.ie said “it’s been another very productive year for the Irish Motor Trade with comparable proportional increases in both the New Car and Light Commercial Vehicle sectors. But with the advent of Brexit and the weakening of Sterling, Used Car Imports grew significantly in the second half of 2016 with each of the last 5 months of 2016 posting increases in excess of 75% on the previous year and finishing the year with just over a 50% increase in imports or 72.5k imports in total.”

“That’s an increase of 24,249 additional Used Cars imported into Ireland over and above last year. There is evidence to suggest that a lot of people who may have been waiting to purchase a new car in 2017 took advantage of the drop in sterling and opted to import a nearly-new vehicle at the end of 2016 instead” he continued.

To add a little confusion Ford have claimed that they are the number one choice in the market with two models in the top ten sales.

Top Selling Car Models 2016 Units
1 Hyundai Tucson 7,425
2 VW Golf 5,011
3 Ford Focus 4,835
4 Skoda Octavia 4,660
5 Nissan Qashqai 4,591
6 Ford Fiesta 3,827

Toyota Ireland say that they are the ‘best selling car brand’ commenting on the news, Steve Tormey, Chief Executive, Toyota Ireland said:

“2016 was a great year for Toyota and we are proud to have once again regained the status of being the best-selling car brand in Ireland. Particularly pleasing was the continuing strong demand we experienced right across our range coupled with significantly increased consumer movement into hybrid vehicles. We believe this trend will continue with our newest model, the C-HR as well as other new model introductions later this year.

Alan Nolan, Director General, SIMI, “New car registrations for 2016 finished at 146,600 for the full year, making it the highest year for new car registrations since 2008. Despite some slowing in the second half of the year, the numbers are in line with expectations at the start of 2016 and underline the continued growth and buoyancy in the economy. Used car imports have also seen growth, partly due to the strong economic recovery, but also driven by short supply of 2009-2013 Irish used cars and the strengthening of the Euro against sterling following the Brexit Referendum.  Almost 50% of imported used cars were in this age profile, between three and five years old, and almost another 40% are over six years old.

New Car Sales Highlights:

146,385 New Cars Registered in 2016 (17.4% increase)

Top 5 Selling Makes: Toyota, Volkswagen, Hyundai, Ford, Nissan

Top 5 Selling Models: Hyundai Tucson, Volkswagen Golf, Ford Focus, Skoda Octavia, Nissan Qashqai

New Commercial Highlights:

28,180 New LCV’s Registered in 2016 (18.3% increase)

Top 5 Selling Makes: Ford, Volkswagen, Renault, Toyota, Peugeot

Top 5 Selling Models: Ford Transit, Ford Transit Connect, Volkswagen Caddy, Renault Trafic, Peugeot Partner

Used Imports Highlights:

72,587 Used Imports Registered in 2016 (50% increase)

Top 5 Makes Imported: Ford, Volkswagen, Toyota, Audi, Vauxhall

Top 5 Models Imported: Ford Focus, VW Golf, VW Passat, Audi A4, Vauxhall Insignia

Registrations for the Midlands

Laois

1774

1466

21.01%

1.21%

1.17%

Offaly

1883

1538

22.43%

1.28%

1.23%

Westmeath

2210

1922

14.98%

1.51%

1.54%