Better outlook for new car sales

September 02, 2021
Better outlook for new car sales
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Figures released at the end of the month by the Society of the Irish Motor (SIMI) show a welcome 25% increase in the sales of new car in August.


To present a more accurate picture of the new vehicle registrations, figures are  compared to registrations totals with the same period in 2019 (pre-COVID) when businesses were fully operational.
 

A total of 6,013 new cars were registered for August compared to 4,808 in August 2020 (+25.1%) and 5,088 in August 2019 (+18.2%).
 

So far this year 96,309 new cars have been registered compared to 78,864 for the same period in 2020 (+22.1%) and 110,527 in 2019 (-12.9%).
 

Light Commercials Vehicles (LCV) seen an increase of 2,972 registrations compared to August last year 1,689 and 1,890 for the same month in 2019. Year to date 24,783 new LCVs were registered an increase on last year’s 16,701 (+48.4%) and on 21,904 in 2019 (+13.1%).
 

Heavy Goods Vehicles (HGV) figures show 188 registrations in August when compared to 186 in August 2020 and 155 August 2019. Year-to-date HGV's registrations total 2,038 compared with 1,642 in 2020 (+24.1%) and 2,209 in 2019 (-7.7%).
 

There was a further fall in used car imports with 5,088 imported in August 2021, compared with 8,141 imports in August 2020, a decrease on the 9,706 imports in August 2019. Year-to-date used imports are up 16.4% (46,185) on 2020 (39,668) and down 36.0% on 2019 (72,214).
 

When breaking down the numbers in terms of power sources, 831 new electric vehicles registered in August compared to 294 in August 2020. So far this year 7,057 new electric cars have been registered in comparison to 2,954 on the same period 2020. Electric Vehicle, Plug-in Hybrids and Hybrids continue to increase their market share, with their combined market share now over 30.76%. Diesel now accounts for 34.09%, Petrol 32.5%, Hybrid 16.32%, Electric 7.33% and Plug-in Electric Hybrid 7.11%.
 

Brian Cooke Director General SIMI comented: “The appetite among consumers for new cars, boosted by pent-up demand and strong consumer savings, that was in evidence in July has continued into August. New car sales are up 25% on the same month last year and by 22% year to date. However, these numbers must be viewed in the context of the pre-COVID market, and registrations are still lagging 18% behind 2019. The new car market has in recent years been hampered not only by the pandemic, but also by Brexit related issues, and this has seen several years of a weakened new car market. What is positive is that those businesses and consumers who have been buying new cars are choosing lower emitting vehicles across all fuel types. In particular there has been a significant uplift in the sale of new electric cars since the start of this year. As we move into a post pandemic economic environment, it is vital that the momentum behind this drive to lower emissions is maintained and built upon. In this context, it is important that both the Government and the Motor Industry deliver affordable transport options to give consumers the real choice to make positive environmental decisions. For the Industry this means continued investment in driving down emissions from the vehicles they produce. For Government any Budgetary measures in relation to new cars must support a strong new car market that focuses on lower emitting vehicles, and also on getting older higher emitting vehicles off the road. We need integrated incentives to build consumer confidence and encourage behavioural change across both the new and used vehicle markets. In Budget 2022 this means a Budget that encourages consumers and business to trade up to a lower emitting vehicle. The electric vehicle grants, the zero percent Benefit-In-Kind (BIK) for company cars and other incentives are vital supports to increase the sales of EVs and these need to be extended.While State and commercial investment in a nationwide EV charging infrastructure is key to giving motorist more confidence in the essential strategic EV project".
 

Top Selling Car Brands August 2021:

1. Toyota

2. Volkswagen

3. Hyundai

4. Skoda

5. Ford 

 

Top car model’s year August 2021: 1.

Hyundai Tucson,

2. Toyota Corolla,

3. Toyota Yaris,

4. Toyota Rav 4,

5. Volkswagen Tiguan

 

Top Selling Car August 2021: Hyundai Tucson

 

Market share by engine type 2021: Diesel 34.09%, Petrol 32.5%, Hybrid 16.32%, Electric 7.33% and Plug-in Electric Hybrid 7.11%

 

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