15 Aug 2022

Waterford car sales take a dip as dealerships hope for 182 surge

Official statistics released today by the Society of the Irish Motor Industry (SIMI) show that the total 2018 new car registrations from January to June in Waterford were down 1.83% compared to 2017.

Waterford's drop in sales was slightly less severe than the national average which saw registrations in the first months drop by 4.5% around the country. While 91,215 new cars were sold nationally in the first six months of 2017, that fell to 87,151 this year.

In Waterford, 2,363 new cars were registered fro January to June 2018, while 2,407 rolled out of car dealerships in the county in the same period last year.

New Light Commercial Vehicle registrations (LCV) were slightly up 2.06% (694) on June 2017 (680) and in the year to date are up 5.7% (16,633).

While New Heavy Commercial Vehicles (HGV) have seen an increase of 110% for the month of June (185) compared to the same month last year (88), they are down 1.1% (1,571) in the year to date.

Imported Used Cars have shown an increase of 11.5% for the month of June 2018 (8,142) when compared to June 2017 (7,304) while the year to date shows them to be 12.8% (51,879) ahead of 2017 (46,002)

Commenting on the figures SIMI Director General, Alan Nolan stated “While June has seen a decline in new car registrations of 10.4%, registrations in this month are relatively small numbers as many consumers will have waited for a 182 registration number."

"The more relevant measure is the Year to Date figure which shows a decline of 4.5% compared to the same period in 2017. This is somewhat at odds with the growth in economic activity in the country but has to be seen in the context of the volume of used car imports which impact negatively on new car sales," he added.

"Commercial vehicle registrations both light and heavy vehicles have seen some increase for the month of June, reflecting investment for businesses."

"This week marks the start of the 182 sales period, and with plenty of competitive offers for consumers right across the various brands, there is something for everyone. As always our best advice to consumers is shop around to find the best deal from local dealers," Nolan concluded.


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