Dip in sales com­pared to last Jan­uary

Bray People - - NEWS -

CAR SALES in Wicklow fell 2.35 per cent in Jan­uary, with 954 cars be­ing sold com­pared to 977 in Jan­uary 2016. Wicklow sales rep­re­sent 2.44 per cent of the na­tional mar­ket, com­pared to 2.46 per cent a year ago.

The fig­ures are broadly in line with the na­tional trend

A ma­jor surge in the sec­ond hand im­ports from the UK fol­low­ing the Brexit vote and the col­lapse in the value of ster­ling is viewed as a key fac­tor in re­duc­ing the level of de­mand.

The top-sell­ing pas­sen­ger cars so far this year are the Hyundai Tuc­son, Ford Fo­cus, Ford Fi­esta, Nis­san Qashqai and Volk­swa­gen Golf. Na­tion­ally, car sales for Jan­uary show that 171 reg­is­tra­tions are down 1.7 per cent (39,019) com­pared to Jan­uary 2016 (39,722).

Light com­mer­cials are cur­rently down 2.4 per cent (6,394) com­pared to Janu- ary last year (6,555), while HGV (Heavy Goods Ve­hi­cle) reg­is­tra­tions are down 6.3 per cent (456) in com­par­i­son to the same time last year (487).

The SIMI/DoneDeal Re­port high­lights the strong eco­nomic per­for­mance of the Mo­tor In­dus­try last year, with growth in reg­is­tra­tion fig­ures seen across all coun­ties along with the up­beat na­ture of busi­ness con­fi­dence and in­vest­ment re­flected in com­mer­cial ve­hi­cles de­spite a soft­en­ing of the mar­ket to­wards the lat­ter half of 2016.

Jim Power, econ­o­mist and au­thor of the review said: ‘Look­ing ahead to 2017, while the out­look for car sales is a bit more dif­fi­cult to pre­dict than last year, the pro­jected growth in per­sonal dis­pos­able in­comes and the avail­abil­ity of credit pro­vide solid sup­port for car sales.

‘How­ever, the im­pact of Brexit and the in­creased vol­ume in im­ported used cars are other is­sues that may im­pact on new car sales. Over­all, though, num­bers should be fairly close to last year with per­haps a slight de­cline of around three per cent in new car sales in 2017, which would im­ply new car sales of 142,000.’

Last year the in­dus­try con­tin­ued to gen­er­ate strong re­turns for the Ex­che­quer with a to­tal VRT and VAT take of €1.5 bil­lion (26.8 per cent ahead of 2015) from new and used car sales alone.

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