Thursday 17 October 2019

Rush to import over fears of Brexit barriers

Car imports
Car imports
Eddie Cunningham

Eddie Cunningham

Registrations of used imports have increased significantly over recent weeks in what is viewed as a rush to beat potential Brexit barriers. Vehicles are being registered at a rate that's 12pc+ higher than for the corresponding month last year. More than 100,000 were imported in total during 2018.

After a February lull, the now-defunct March 29 Brexit deadline seems to have sparked action by importers to have stock in hand. Year-to-date used-import registrations are marginally ahead of last year (2.8pc) but that could alter significantly depending on what happens next.

The uncertainty around Brexit is hammering new-car buying; latest registration figures show a 17pc plunge so far this month. They are also running 13pc lower than for the corresponding quarter last year. Pre-registrations will boost 'sales' before the end of the month, but can't disguise the downward slide. It is a good time to be buying.

* Separately, we have had several people on claiming there is a narrow gap between the CO2 emissions of an import and those of a new car.

Official statistics bear out the 3.5g/km difference except we are not dealing with like-for-like. Figures for imports were arrived at some years back while data for new cars are contemporaneous and stringently more accurate on real-world performance.

Ever tougher tests on fuel consumption and emissions are being calculated under the WLTP/NEDC system.

Additionally, current new diesels are more likely to have lower NOx emissions due to technological advances above what many three-year-old imports would have.

Yet, there is no gainsaying that such factors appear to matter little to people paying less for their used imports.

Indo Motoring

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