New Car Registrations down 24% for the month of April
Official statistics recently released by the Society of the Irish Motor Industry (SIMI) show that new car registrations for the month of April were down -24% (7,865) compared to (10,381) April 2016, while new cars registrations year to date are down -10% (83,831) on the same period last year (93,205).
Light Commercial Vehicles (LCV) show a -25% (1,716) decrease on April 2016 (2,302) and year to date are down -13% (13,653). While Heavy Commercial Vehicles (HGV) are also showing a decline of -25% for the month of April (235) compared to the same month last year (313) and are down -8% (1,266) year to date.
Commenting on the figures SIMI Director General, Alan Nolan said:
“From our recent SIMI/DoneDeal Quarterly Review, we commented that 2017 was proving to be unpredictable for the Motor Industry and the month of April appears to be reflecting this statement. Vehicle registrations for April show a decline in all sectors and across nearly all counties.
While the economy continues to strengthen, consumers appears to have remained somewhat more cautious to date. That said the Industry is continuing to entice consumers with very strong offers to the degree that even with lower sterling values, as a result of Brexit virtually no new cars have been imported because of the value available here.”