30 per cent rise in new car registrations
the numbers of cars registered in Wexford during the first two months of the year has increased by almost 30 per cent, according to new figures released by the SIMI.
They show that 1,523 cars were registered during January and February, compared to 1,173 during the same period of 2015.
Nationally, the Society of the Irish Motor Industry (SIMI) show that new car registrations for the month of February were up 37 per cent (21,625) compared to February 2015 (15,778) while total new car sales are up 35 per cent (61,350) on the same period last year (45,586).
Light Commercial Vehicles (LCV) - the sale of which are seen as the barometer of the the economy - are currently up 50 per cent (3,484) on February 2015 (2,328) and for the year to date are up 39 per cent (10,043) overall.
Heavy Goods Vehicle (HGV) registrations, are also up 26 per cent for the month of February (260) 2016 compared to the same month last year (206), and are up 83 per cent on the year to date.
SIMI Deputy Director General Brian Cooke said, 'With today the first day of Spring, new car registrations are showing the early signs of a strong 2016 for the Motor Industry.
'The increased growth in registrations, both in cars and commercial vehicles, for the month of February clearly indicate that consumer and business confidence remain strong.
'The increase in new car registrations is partly due to the pent-up demand that arose as Ireland has replaced so few older cars with new ones over recent years, and this in addition to lower new car prices driven by the generous offers from retailers and manufacturers, and the availability of low cost finance are all helping to increase sales.'
Mr Cooke said that in particular those consumers with a car to trade-in are likely to benefit from higher valuations on their trade-ins because the lower level of new cars registered over the previous six years has resulted in a very strong demand for good quality used cars, resulting in a lower cost to change up to a new or newer car.
The five top selling Makes for 2016 are so far:
• 5 Top Selling Models for the Year 2016
1 Hyundai Tucson
2 Ford Focus
3 Volkswagen Golf
4 Skoda Octavia
5 Toyota Corolla
• Top selling car for February is the Hyundai Tucson
• Top selling colour for February is Grey
• Light Commercial Vehicles sales year to date (2016) 10,043-(2015)7,237 +39%
• Light Commercial Vehicles sales total February (2016)3,484-(2015) 2,328 +50%
• Heavy Goods Vehicle total sales year to date (2016) 412 (2015)752 +82%
• Heavy Goods Vehicle sales February total (2016) 260 (2015) 206 +26%