€1.2 Billion Generated for the Exchequer from New Car Sales so far in 2016

Today the Society of the Irish Motor Industry (SIMI) issued the official 162 car registrations for the month of August showing an increase of 14% (7,313) when compared to August 2015 (6,400), while the total new car sales are up 19% (138,538) compared to the same period last year (116,195).

Within the business sector commercial vehicles are continuing to perform well with Light Commercial Vehicles (LCV) up 11% (1,815 ) on the same month last year (1,642) and currently, year to date, are up 22% (24,545) overall. While Heavy Goods Vehicle (HGV) registrations, are also up 49% for the month of August (251) 2016 when compared to August last year (169), with registrations up 41% year to date.

Commenting on the figurers SIMI Director General Alan Nolan said “The Motor Industry has been working hard to deliver the continuing level of growth in what has been a noticeably more difficult market since June. As we move toward the end of 3rd quarter of the year the Industry remains focused on business still to be done, with strong offers still available for consumers. In contrast with the era before the two-period registration system was introduced, when sales were all but finished in the first quarter, the interest in new vehicle sales now tends to carry to the end of the third quarter, but obviously at a lower rate.

We believe the Industry is still on course to deliver close to 150,000 new car sales by the end of the year, indeed new car sales have already generated €1.2 Billion for the Exchequer in VRT and VAT receipts. Our Industry currently employs over 42,000 people nationwide and it is crucial that the provisions in the forthcoming Budget for 2017 support rather than undermine the State’s tax revenues and employment across the sector. It is important that Budget 2017 contains measures that improve the position of both consumers and businesses. The potential for post-Brexit Sterling exchange rates to drain business away from the Irish domestic economy was highlighted by the increase of 76% in the number of Imported Used Cars in July, so clearly the last thing we need at this stage is any further damaging tax increase in the forthcoming Budget. Suggestions of piece-meal increases on diesel fuel or indeed on Road Tax being considered, at a time when soaring insurance costs are already impacting, would be damaging and extremely ill-conceived given that a new EU emissions regime is being rolled-out from next year which will require a major review of our current environmental taxation.

Our Industry, like the rest of the domestic economy, needs stability and as much certainty as is possible to support consumer and business confidence, especially given concerns regarding Brexit, in order to support a continuation of the recovery and progress of the past few years.”

Stats in short:
• New car sales year to date (2016) 138,538 V (2015) 116,195  +19%
• New car sales total August (2016) 7,313 V (2015) 6,400  +14%
Car Sales by county year to date  Click here to download
5 Top Selling Makes for the Year 2016:
1. Hyundai, 2. Toyota, 3. Volkswagen, 4. Ford, 5. Nissan
5 Top Selling Models for the Year 2016
1 Hyundai Tucson, 2 Volkswagen Golf, 3 Ford Focus, 4 Skoda Octavia,5 Nissan Qashqai
• Top selling car for the month of August and year to date Hyundai Tucson
• Top selling colour for the month of August and year to date is Grey
• Light Commercial Vehicles sales year to date (2016)24,545 V (2015) 20,188 +22%
• Light Commercial Vehicles sales total August (2016) 1,815 V (2015) 1,642 +11%
• Top selling make for the month of August and year to date Ford Transit Van
• Heavy Goods Vehicle total sales year to date (2016) 2,433 V (2015) 1,726 +41%
• Heavy Goods Vehicle sales total August (2016) 251 V (2015) 169 +49%

New Cars by County Year to Date
County 2016 Units 2015 Units % Change 2016 % Share 2015 % Share
Carlow 1683 1396 20.56% 1.21% 1.2%
Cavan 1525 1324 15.18% 1.1% 1.14%
Clare 3029 2506 20.87% 2.19% 2.16%
Cork 17949 14291 25.6% 12.96% 12.3%
Donegal 3375 2798 20.62% 2.44% 2.41%
Dublin 54325 46808 16.06% 39.21% 40.28%
Galway 5533 4775 15.87% 3.99% 4.11%
Kerry 3097 2535 22.17% 2.24% 2.18%
Kildare 5715 4779 19.59% 4.13% 4.11%
Kilkenny 2703 2243 20.51% 1.95% 1.93%
Laois 1696 1384 22.54% 1.22% 1.19%
Leitrim 599 532 12.59% 0.43% 0.46%
Limerick 4937 4066 21.42% 3.56% 3.5%
Longford 686 611 12.27% 0.5% 0.53%
Louth 3047 2589 17.69% 2.2% 2.23%
Mayo 2676 2272 17.78% 1.93% 1.96%
Meath 4433 3449 28.53% 3.2% 2.97%
Monaghan 1179 1009 16.85% 0.85% 0.87%
Offaly 1811 1441 25.68% 1.31% 1.24%
Roscommon 1352 1030 31.26% 0.98% 0.89%
Sligo 1256 1059 18.6% 0.91% 0.91%
Tipperary 3954 3341 18.35% 2.85% 2.88%
Waterford 3532 2788 26.69% 2.55% 2.4%
Westmeath 2094 1800 16.33% 1.51% 1.55%
Wexford 3325 2762 20.38% 2.4% 2.38%
Wicklow 3027 2607 16.11% 2.18% 2.24%

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