Sunday, September 13, 2020

New car registrations in Mayo have fallen by close to 18% year on year. However, that’s only half the story, as the industry appears in the midst of a longer-term struggle to attract buyers of brand new vehicles with business levels now reduced to what they were 10 years ago.

There were 1,518 new cars sold in the county between January and August this year compared to 1,848 during the same period last year.
The Society of the Irish Motor Industry (SIMI) today released their official new vehicle statistics. Nationally, new car registrations for August were down 4.2% (4,875) when compared to August 2019 (5,088). While registrations year to date are down 28.6% (78,920) on the same period last year (110,527).
Brian Cooke, SIMI Director General commenting on the market figures said: “August represents another disappointing month for new car sales, with sales again down on the same month last year, as they have been each month of 2020. This has led a year to date reduction of 29% in new cars sales, and a 43% reduction over the last 4 years. The industry is operating at the same business levels as 10 years ago, when the sector shed close to 15,000 jobs. The outlook for 2021 is not optimistic, with the negative impact of both Covid and Brexit, new car sales will continue at recession levels. The Motor Industry in Ireland supports employment in local communities throughout the country and to protect these jobs it needs a fair taxation environment in which to operate.”

Comments are closed.

Contact Newsdesk: +353 96 60900

More Connacht News

Similar Articles