The latest registration figures issued by the Society of the Irish Motor Industry (SIMI) for February show new car registrations were down 7.7% (13,915) when compared to February 2019 (15,069). Registrations this year to date are also down 4.9% (45,096) on the same period last year (47,439).

Imports of used car also dropped for the month by 30.1%, as the impact of the NOx tax on used diesel car imports begins to bite. Used car imports for the first two months of 2020 are down by 28.2%. In some cases, NOx tax has increased used import car prices by up to €3,000.