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November new car registrations see another month of decline

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November new car registrations see another month of decline

November new car registrations see another month of decline

Official statistics released by the Society of the Irish Motor Industry (SIMI) show that the total new car registrations for the month of November were down 5.72% (643) when compared to November 2017 (682). Registrations year to date are down 4.4% (125,415) on the same period last year (131,173).

In Waterford, 3,287 units were sold  this November compared to 3,442  in 2017, a decrease of -4.5%.

New Light Commercial Vehicle registrations (LCV) have slightly decreased -1.55% (572) on November 2017 (581) and are up 5.7% (25,340) year to date. While New Heavy Commercial Vehicles (HGV) have also seen a decrease of 38% for the month of November (80) when compared to the same month last year (129) and are up 2.5% (2,538) year to date.

Imported used cars have shown an increase 1.44% for the month of November 2018 (8,732) when compared to November 2017 (8,608), while year to date are 8.21% (95,148) ahead of 2017 (87,928).

“As we approach the end of 2018, new vehicle registrations are in line with industry projections,” SIMI director general Alan Nolan said.

“Our industry has experienced a decline in new car registrations eight months out of 11 so far in 2018 and the month of December will no doubt see a further fall back in new car registrations. The impact of Brexit and sterling weakness continues to drive used car imports to a level where the volume is impacting on the new car market. This challenging and uncertain trading environment is set to continue into 2019."