Industry & Business

New Car Sales Down 1.75% in January, Used Imports Surge

 Breaking News
  • Irish Distillers to Invest €150 Million in Sites in Cork and Dublin Irish Distillers has announced investment of over €150 million in its sites in Cork and Dublin to meet demand for its products as the Irish whiskey renaissance continues apace. This is accelerated by the continued growth of the company’s flagship Jameson brand, which is now in double or triple-digit growth in more than 80 markets [...]...
  • CM Precision Components Opens New Purpose-built Factory in Downpatrick Downpatrick-based CM Precision Components Ltd has officially opened its new 16,000 sq ft manufacturing facility at Invest Northern Ireland’s Killough Road Industrial Estate. The advanced engineering firm has invested almost £1 million in the construction project, to expand its production capabilities and meet the growing demands of its customers. CM Precision Components produces precision machined components for [...]...
  • Arkphire Secures New Investment IT solutions and networking company, Arkphire, has announced that Bregal Milestone, a private capital firm, has completed an investment into the business. The investment by Bregal Milestone comes from their new €400 million pan-European fund dedicated to investing in high-growth European companies. Typical commitments from Bregal Milestone range from €20 million to €60 million. Arkphire provides [...]...
  • Government Investment in Research & Development Amounts to Over €750 Million in 2018 The latest figures on Government investment in research and development (R&D), published by the Department of Business, Enterprise and Innovation, show that over €750 million is estimated to have been invested in R&D in 2018. The data in The Research and Development Budget 2017-2018 publication is compiled from a comprehensive survey of thirty Government Departments [...]...
  • Smart Dublin in Partnership With Enterprise Ireland Award 21 New Innovation Contracts Approximately €700,000 is to be awarded to companies under Enterprise Ireland’s Small Business Innovation Research (SBIR) initiative which will enable them explore innovative solutions to address challenges faced by Local Authorities. 21 companies have been awarded Phase One funding to progress the feasibility of their solutions. Phase One funding will allow each recipient to carry [...]...

New Car Sales Down 1.75% in January, Used Imports Surge

New Car Sales Down 1.75% in January, Used Imports Surge
February 02
12:19 2017

New car sales in January 2017 have decreased slightly on last year with 39k units sold compared to 39.7k units in January 2016 according to figures released by vehicle history specialists Motorcheck.ie on Wednesday. This represents a drop of about 1.75%. A surge of 5,063 units registered on the last day of the month brought the figures almost into line with last year as manufacturers looked to hit their targets.

The report also shows that the imports of used cars have risen 67%, which Motorcheck.ie attribute to Brexit and exchange rates.

Hyundai continues to reinforce its rise to popularity by becoming the nation’s top selling make in January with the Hyundai Tucson again dominating the crossover SUV segment and continuing its reign at the top as Ireland’s best-selling new car overall.
The commercial sector was similar with 6.3k units sold compared to 6.5k for the same month last year, a drop of almost 2.5%.

Motorcheck.ie Managing Director Michael Rochford said: “it was predicted that this year’s new car sales would be on a par or even slightly down on last year. It is evident early on that equalling last year’s performance is going to be a challenge for the Motor Trade in Ireland this year. Due to Brexit and current exchange rates the surge in Used Cars imported from the UK has continued with over 7.5k units being imported in Jan 2017. That’s an increase of over 67% on last year. This effects new car sales as many consumers will opt for a bigger used car or one with a better spec rather than buying new. However, consumers need to beware as we have seen an increase in clocked and written off cars being imported to Ireland in recent times”.

The report names the top selling manufacturers as Hyundai, Toyota, Ford, Volkswagen and Nissan, while the top selling models were the Hyundai Tucson, Ford Focus, Ford Fiesta, Nissan Qashqai, and Volkswagen Golf.

For light commercial sales the top selling manufacturers were Ford, Volkswagen, Renault, Toyota and Peugeot while the top selling models were the Ford Transit, Volkswagen Caddy, Ford Transit Connect, Toyota Landcruiser and Citroen Berlingo.

About Author

editor

editor

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4