Cork car sales down by 8% year-on-year

Cork car sales down by 8% year-on-year
Car sales in Cork are down by 8% year-on-year.

CAR sales in Cork have declined by 8% year-on-year, with senior officials in the motor industry warning that they are facing a ‘challenging and uncertain trading environment’ in 2019.

In its latest monthly sales report, the Society of the Irish Motor Industry (SIMI) confirmed that sales continue to drop off, with the impact of Brexit and general economic uncertainty highlighted as pressing issues.

The report showed that car sales in Cork have declined by 7.96% year-on-year as of the end of November, with 15,198 new cars sold in the year to date. It is down from 16,513 in the same period in 2017. Sales have declined in eight of the eleven months of 2018 in comparison to 2017.

Nationally, new vehicle registrations in the year to date are down 4.4% on the same period last year. 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).

There has also been minor increases in the sale of light and heavy commercial vehicles in the year to date, but both saw significant declines last month.

Commenting on the figures Alan Nolan SIMI Director General said: “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 8 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.”

SIMI’s report noted that the top-selling car models of the year to date are the Hyundai Tucson, the Nissan Qashqai, the Ford Focus, Volkswagen Golf and Skoda Octavia.

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