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News : Irish Economy Last Updated: Dec 8, 2014 - 4:17 PM

New Irish private car sales up 29% to 91,380 in year to November; 2007 peak at 180,754
By Michael Hennigan, Finfacts founder and editor
Dec 8, 2014 - 4:10 PM

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The number of new Irish private cars licensed for the first time increased by 12.1% to 1,465 in November 2014 compared to November 2013 according to the CSO. However, used (imported) private cars licensed for the first time were down 6.9% to 4,177 for the same period. In total, there were 91,380 new private cars licensed in the year to the end of November 2014, a rise of 29.2% compared to the same period in 2013. The corresponding figure for 2014 in respect of used (imported) private cars was 49,563 and this was up 6.4% from 2013.

The bubble peak was in 2007 when 180,754 units were registered.

The licensing figures also show that:

  • The number of new goods vehicles licensed in November 2014 was 1,009, up 36.5% from November 2013;
  • The total number of all new vehicles licensed during November 2014 was 2,879 compared with 2,499 during the same month in 2013 - an increase of 15.2%;
  • The highest number of new private cars licensed in November 2014, classified by make, was Renault (166) followed by Volkswagen (152), Dacia (144) and Opel (132);
  • For the year to the end of November 2014, Volkswagen ranked highest with 11,106 for new private cars. This was followed by Toyota (9,485), Ford (9,011) and Hyundai (7,386);
  • In November 2014, the total number of all vehicles licensed was 8,435 compared with 8,860 in the corresponding month last year - a decrease of 4.8%.

The CSO said it should be noted that the 2013 November figures were inflated by the expiry of the three month transition period for motor tax gapping provided for in the Non-Use of Motor Vehicles Act 2013. The impact of this is no longer applicable.

The licensing figures refer to vehicles taxed for road use only and classified by taxation class.

Licensing differs from registration in that a vehicle is licensed when a valid motor tax disc is issued for the first time. Registration occurs when a vehicle gets its licence plate (registration number) for the first time.

European cars sales up in October for fourteenth consecutive month

© Copyright 2011 by Finfacts.com

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