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New car registrations down 10 per cent

New car registrations for the first five months of the year, are down 10 per cent (89,791) on the corresponding period last year, new figures released by the Society of the Irish Motor Industry (SIMI) confirm.

The Society of the Irish Motor Industry (SIMI) today released their official statistics for the month of May, showing that new car registrations were down -8 per cent (5,991) compared to (6,449) May 2016, while new cars registrations year to date are down -10 per cent (89,791) on the same period last year (99,704).

Light Commercial Vehicles (LCV) show a decrease of -19 per cent (1,461) on May 2016 (1,819) and year to date are down -14 per cent (15,098). While Heavy Commercial Vehicles (HGV) are also showing a decline of -15 per cent for the month of May (259) compared to the same month last year (306) and are down -9 per cent (1,524) year to date.

Commenting on the figures SIMI Director General, Alan Nolan said:” With the first 5 months of the year now behind us, the decline in registrations across all sectors has been a noticeable trend reflecting the unpredictable nature of the market at present. As we near the end of the 171 registration period, there will undoubtedly be incentives to purchase a new car before the end of June. Notwithstanding this the Industry and consumers are turning their focus to the second registration plate, which since its introduction has seen the proportion of the full year market occurring in the second half of the year increasing significantly. This year we will again see each brand offer innovative packages to encourage the purchase of new 172 cars. The Wexford Motor Show taking place this weekend, and the Drogheda Motor Show taking place the weekend of the 16th of June, will give consumers the ideal opportunity to shop locally and ensure they can get the best possible deal on any new car”.