New car registrations still continue to fall in November

Official statistics released today 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 percent (643 ) when compared to the same period in 2017 (682 ). Registrations year to date are down 4.4 percent (125,415 ) on November of last year (131,173 ).

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

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

Commenting on the figures, Alan Nolan, SIMI Director General, commented, “as we approach the end of 2018, new vehicle registrations are in line with industry projections. Our Industry has experienced a decline in new car registrations eight months out of eleven so far this year 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.”

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