New car sales up 31pc and could be over 100,000 in 2015
The SIMI released figures today that suggest that car sales for 2015 could be over 100,000 for the sector which represents 2.2pc of the total employment for the economy.
The Society of the Irish Motor Industry (SIMI) official statistics show that new car registrations in January are 31pc (29,948) up on January 2014 which should see sales comfortably exceed 100,000 at the end of the year, for the first time since 2008.
Current Industry projections indicate that new car sales should be close to 115,000 with Light Commercials, currently up by 70pc (4,839) in January set to exceed 20,000, again for the first time since 2008.
HGV (Heavy Goods Vehicle) registrations are down 37pc.
A total of 36pc of cars fail the NCT (689,258 cars in total) and over 40pc of the cars that fail are in the 5-10 year old category.
- New car sales in January up 31pc on last year
- 29,948 cars were sold in January v 22,893 in 2013
- LCV sales in January up 71% (4,839) on last year
- Top 3 selling car brands were Toyota, Volkswagen, Ford, Hyundai, Nissan
- Top 3 selling models were the Volkswagen Golf, Ford Focus, Toyota Corolla, Ford Fiesta, Hyundai IX35
- Top selling van was the Ford Transit Van
The Motor Industry accounted for 2.2pc of total employment in the economy.
It is estimated that for every extra 1,000 new car sales, 130 additional employees are hired in the industry.
With car sales now on a clear upward trend, employment in the sector is likely to continue to strengthen.