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202-registrations offer hope as sales down 34pc

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New car sales are down

New car sales are down

New car sales are down

The beginning of the new 202-registration car-buying season is under way, bringing hope for fresh sales to the motor industry.

The Society of the Irish Motor Industry (SIMI) yesterday released its official new vehicle statistics, which revealed new car registrations for the month of June declined 28pc to 1,011 when compared to June last year (1,408).

New car registrations in the year to date are down 34pc to 52,891, compared to 80,758 in the same period last year.

Light Commercial Vehicles were down 24pc to 568, compared to 748 in June last year. In the year to date registrations are down nearly 31pc to 10,579.

Heavy Goods Vehicle (HGV) registrations are down nearly 68pc to 101, in comparison to 315 in June 2019.

Year to date HGV registrations are down 32pc at 1,224.

Meanwhile, used car imports for June (4,264) have seen a decrease of 47pc on June 2019 (8,060).

Year to date imports are down 57pc (22,789) on 2019 (53,126).

"Clearly 2020 has been a very difficult year to date, with new car registrations down 34pc year on year," said SIMI director general Brian Cooke.

He said that the new 202-registration period began yesterday, which brings some hope for the industry.

Pressure

"Consumers can see already the hugely varied and attractive new car offers," Mr Cooke said.

"While pre-orders and enquiries are showing some positive signs, the lack of car hire and the ongoing concerns surrounding Covid-19 will see continuing downward pressure on new car demand.

"Going forward, recovery for the sector will be extremely challenging, with both new car and commercial vehicle registrations at recession levels.

"Extension of Government supports beyond the current expiry dates will play an important role... while changes in VRT that encourage motorists to trade up to a lower emitting car have the potential not only to protect local employment, but can also encourage renewal of the national vehicle fleet."