Cork car sales remain below 2018 figures

Cork car sales remain below 2018 figures

NEW car registrations in Cork are down almost 7% so far this year when compared to 2018.

Between January and the end of April, 9,293 new 191-C cars were registered in the county. In the same period last year there were 9,983 new car registrations in Cork.

The drop in sales in Cork was repeated nationwide, with an overall fall of 8.5% for new car registrations, year to date.

Despite the fall so far this year the figures for April alone show an increase. New car registrations were up 10.8% (8,923) when compared to April 2018 (8,053).

Brian Cooke Director General, of the Society of the Irish Motor Industry (SIMI), who released the figures said the rise in new car registrations for April is in reality a timing issue. 

"Easter is a key period for car-hire business and with it falling later than usual in 2019, this pushed some car-hire that normally occurs in March into April. The real indication of the new car market environment is the year to date figures, which show a nearly 11% decrease on last year," he said.

"The outlook for the remainder of the year is still very uncertain for the Industry," he said, pointing to the increase in the VRT on new cars.

2019 new car registrations are forecasted to reach around 112,000 which would represent a decline of 10.8% on 2018 while used car imports by contrast are projected to increase marginally to around 101,000. Similar to last year Brexit related uncertainty looks set to continue, largely due to the uncertain performance of sterling and the impact of used imports from the UK.

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