New Car Sales Fall Again In May Compared To Same Month Last Year

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NEW car sales continued to fall in May compared to the same month in 2017, according to the latest figures from the Society of the Irish Motor Industry (SIMI).

There were 90 new car registrations in May compared to 97 last year, a drop of -7.22%. So far this year there has been 1,953 new car sales down -13.47% from last May’s figure of 2,257.

Nationally, new car registrations were down -8% (5,991) compared to (6,449) May 2016, while new cars registrations year to date are down -10% (89,791) on the same period last year (99,704).

Light Commercial Vehicles (LCV) show a decrease of -19% (1,461) on May 2016 (1,819) and year to date are down -14% (15,098). While Heavy Commercial Vehicles (HGV) are also showing a decline of -15% for the month of May (259) compared to the same month last year (306) and are down -9% (1,524) year to date.

Commenting on the figures SIMI Director General, Alan Nolan said:” With the first 5 months of the year now behind us, the decline in registrations across all sectors has been a noticeable trend reflecting the unpredictable nature of the market at present. As we near the end of the 171 registration period, there will undoubtedly be incentives to purchase a new car before the end of June. Notwithstanding this the Industry and consumers are turning their focus to the second registration plate, which since its introduction has seen the proportion of the full year market occurring in the second half of the year increasing significantly.”

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