Brian Cooke, SIMI director general says July is "always an exciting and optimistic period for the Irish Motor Industry"
THE number of Limerick people with new car registrations has increased so far this year compared to last.
From January to July, 3,381 people in Limerick registered new vehicles, while the same period last year saw 70 less registrations, with 3,311.
The Society of the Irish Motor Industry (SIMI) released their official 242 new vehicle registrations statistics for July, revealing new car registrations were down 5.9% nationwide, compared to July 2023.
Brian Cooke, SIMI director general said: “The 242-registration plate sales period is, as is always the case in July, an exciting and optimistic period for the Irish Motor Industry.
“However, July has continued the trend of recent months with a decline in new car sales. Year to date new car registrations are now marginally behind the first seven months of last year.”
Registrations year to date are down 0.3% on the same period last year.
Light Commercial Vehicles (LCVs) declined by 7.5% compared to July last year, but figures show LCVs are up 11.7% in the first seven months of this year compared to last.
HGVs (Heavy Goods Vehicles) registrations are up 27.5% in comparison to July 2023. Year to date HGVs are up 19.5%..
Imported Used Cars have seen a rise to 5,828 rise in July 2024, when compared to July 2023 of 4,408. Year to date imports are up 26.4% on 2023.
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3,147 new electric cars were registered this July, which was 24.7% lower than the 4,117 registrations in July 2023.
So far this year, 13,885 new electric cars have been registered, representing a 25% decrease compared to the same period in 2023.
“The key headline for July continues to be the drop in Electric Vehicle (EV) registrations, which are down by 25% year to date. EV sales are now back to 2022 levels,” said Mr Cooke.
“Last year saw several EV incentives reduced. We are at a critical juncture on the journey to Zero Emission Vehicles, but we need decisive actions in the Budget to arrest this slide and to reignite Ireland's EV momentum.
“Budget 2025 is a real chance for the Government to signal their commitment to fleet electrification and is an opportunity they should grasp.”
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