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THERE WAS A huge jump in the number of new cars licensed up until May this year compared to the same period in 2013.
Figures from the Central Statistics Office show that 58,890 new cars were licensed in the first five months of this year.
That’s an increase of 27.4 per cent compared to the same period last year.
That figure in respect of used cars was 23,099, an increase of 18.4 per cent from 2013.
May
The number of new private cars licensed for the first time in May this year increased by 9.5 per cent to 7,767 compared to May 2013.
The numbers of used cars licensed this May also increased, they rose by 7.5 per cent to 4,945 compared to last May.
New Cars
Of the 7,767 new private cars licensed in May 2014:
The top four most popular new cars licensed in May 2014 were:
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59,000 licensed cars does not equal to car sales. Don’t confuse licensed cars to car registrations.
Garages compete for new car sales, they register the cars and sell them as “demo models”………some garages are still trying to flog 131 registered cars. “New” car registrations is a false economy driven (pardon the pun) by the motor trade.
So the garages have decided to register 15000 new cars as demo models which immediately devalues the car. I’m sorry but the attempts to hide the fact that the economy is improving is getting more ridiculous by the day. The SF propaganda machine can’t fool all the people all of the time
If a customer fails to complete the purchase of a new car the vehicle is deregistered immediately. The economy is definitely improving. Only an absolute idiot would fall for Shinner type propaganda.
Vito that’s been going on for years. Bought a new pre reg car 12 years ago. First and only new car I bought. Those were the days!
I bought a new car two weeks ago as it is obvious that the economy is improving. Work hard and you will be rewarded. Shinner types want and expect everything for nothing.
Very true!
A lot of this is down to new finance deals being offered with 0%interest from the likes of VW bank and PCP deals aswell.
It is a lifestyle investment.
Financially it is a disaster, lucky if it is worth half in three years or less.
If you get finance for it you are in negative equity the second you leave the dealers forecourt.
My laptop is worth a tiny fraction of what i bought it for.. But i still wanted and needed a new laptop at the time. If the people want new cars and can afford it, sure why not.
A new car. I am jealous.
Sure you have a lovely train.
Can’t be true. Country is still in total shite and no one has any money according to many here. Has to be a government cover-up…
I do think the Decline in car sales last year was because of the number 13, great to see people buying
Whooo hoooooooo,
Car sales are up and back to ………………….early 1980′s levels………..
The economy is not improving.
People need cars, it would be interesting to see the models, prices and 0% finance arrangements.
People need cheaper and more fuel efficient cars that have lower Car tax attached to them.
As with rising house prices, this is not an indication of an improving economy.
It’s an indication of people making better decisions to save them money.
Are you saying they didn’t need them in the previous 5 years…
No, I’m saying people need cars. Every year people have to replace cars, due to the fact that many cars on the road are getting older.
If you think of how many cars were sold in 2004, for example, and realise that the owners are paying more tax, maintenance, NCT on them, it makes better sense all round to buy a new car.
Cheaper tax, cheaper cars, more efficient, no NCT, no high maintenance costs and zero % finance.
Car sales of 60k is not a siGM of an improving economy, not when you realise that this was the sales figure for mid 1980′s.
Those are atrocious figures.
The economy IS improving, but the way it’s happening makes for a very unsure future.
Basically, those who were wiped out over the last few years – the majority people stuck with unpayable debts, who lost their jobs or who were otherwise tumbled into a sort of hell – have either abandoned the country or have been abandoned by the country. The thought seems to be ‘Sorry but we can’t really sort your problems out, we’ll just have to move on without you’.
Which is all very well, but a lot of those people are in an older age group, without enough time to rebuild before they retire. Whatever provision they had made to provide for themselves in retirement is gone.
They are going to be reliant on support from the state to a far, far greater extent than they (or we) would ever have believed. Add that to the ongoing repayment of bank debts that we’ve been saddled with and don’t look like getting shut of, and that means the ‘burden’ on the tax payer is going to hold us back for at least a generation.
Banks trying to Max Your Debt again with new cars … don’t be fooled. Put your future in good hands …your own and buy a good pre-owned German or Japanese designed car from the UK. €1.5 billion p.a. “exported” on the purchase of new cars would support 20,000 wealth creating Irish jobs for your kids. Irish Car Tax System that artificially promotes the purchase of new cars is daft (ye don’t make any!) and looks like Political Parties passing Pro-Lobby-Law … disgusting.
Countries that don’t make cars, like Ireland, usually have a tax bias that promotes car life longevity.
have your say