New car sales jump 23% in Offaly

Volkswagen refreshes the Beetle

Volkswagen’s refreshed Beetle

New car sales in Offaly have jumped by 23% from January to Spetember this year compared to the same time period last year.

A total of 1,850 new car sales were recorded in the county compared to 1,504 from January to September in 2015.

There was also an increase in used car sales from 2,681 in 2015 to 3,042 in 2016, an increase of 13%.

The figures were included in a quarterly report referring to registrations carried out by Done Deal and the Society of the Irish Motor Industry.

Nationally new car sales remain healthy. Figures show that 140,100 new private cars were licensed, a rise of 18.3% compared with the same period last year. The number of used (imported) private cars licensed increased by 38.1% compared with the same period in 2015.

Jim Power, economist and author of the SIMI/DoneDeal report warned about the future at the report's launch.

“The auto industry is still performing strongly, but there have been clear signs of deceleration in sales in recent months. Looking ahead to 2017, the outlook for car sales is extremely uncertain. New car sales in 2016 should be close to 147,000 and similar outturn for what is expected to be a very uncertain market due to Brexit effects,” he said.

Alan Nolan, director general, SIMI, highlighted growth this year and expects this to continue.

“2016 has seen the highest levels in new vehicle registrations since 2008, while some of these sales can be attributed to a catch up in the market overall it has been a good year for our industry. New car sales so far have contributed€1.25 billion to the exchequer 24% ahead on last year.

“With the peak selling months behind us the industry has now turned its focus to the 171 registration period as can be seen and heard in current advertising campaigns. While 2017 brings with it an air of uncertainty due to Brexit we would still expect the industry to continue to perform well, as economic indicators suggest increased spending power in the Irish economy in 2017,” he said.

Key findings in the Done Deal/Simi report are:
* New car sales for 2016 expected to finish at 147,000
* New car sales at 143,190 for first three quarters of 2016, 18.4% higher than 2015.
* €1.25 billion contributed to the Exchequer from new car sales, 24.1% ahead of 2015.
* Strongest car sales growth in first 9 months – Roscommon, 30.9%. Lowest – Leitrim, 11.5%
* 48,943 cars imported from the UK, up 38.9% on 2015.
* A new car is -3.5% cheaper than September 2015.
* Van and truck sales are up.

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