The Society of the Irish Motor Industry (SIMI) has released the official car sales figures for July as part of the 2nd Quarter SIMI motor industry review. The “152” sales figures for July are up 48% (27,633) compared to (18,711) July 2014 and are currently up 30% (109,960) for the first half of 2015.
Light Commercial Vehicle (LCV) sales were up 49% (3,768) on July 2014 (2,535) and year to date are up 54% (18,426). Heavy Goods Vehicle (HGV) sales are also up for the month of July 41% (291) compared to the same month last year (207) and overall is up 9% (1,556).
The SIMI motor industry quarterly review compiled by economist Jim Power provides key Industry information on 2015 up to the end of June. The review has highlighted a 25.4% increase in car sales so far in 2015 with the price of a new car down on average of 2.9%.
This increase has seen the Irish Exchequer benefit by €761million from new and used car sales since the start of the year, 3.7% of the total tax taken by the State this year.
The review also highlighted the key contribution of the Motor Industry in relation to job creation. It claims that 13.6% of all new jobs in Ireland in the past 12 months being created across the motor industry. SIMI claims that 5,600 new jobs have been created in the industry since June 2014.
The review claims that the cost of motoring in general has decreased notwithstanding the fact that motor insurance costs have increased by 15.7% since June 2014.
The buoyancy in the market has seen the predictions for this year’s end of year totals increase to a projected 123,000 new car registrations for 2015. This would be a 27% growth on 2014. These projections will mean delivery of an additional €219million for the Exchequer, 3,400 additional jobs and moves 2016’s predicted new car sales to 145,000, according to economist Jim Power.
The Society of the Irish Motor Industry (SIMI) has released the official car sales figures for July as part of the 2nd Quarter SIMI motor industry review. The “152” sales figures for July are up 48% (27,633) compared to (18,711) July 2014 and are currently up 30% (109,960) for the first half of 2015.
Light Commercial Vehicle (LCV) sales were up 49% (3,768) on July 2014 (2,535) and year to date are up 54% (18,426). Heavy Goods Vehicle (HGV) sales are also up for the month of July 41% (291) compared to the same month last year (207) and overall is up 9% (1,556).
The SIMI motor industry quarterly review compiled by economist Jim Power provides key Industry information on 2015 up to the end of June. The review has highlighted a 25.4% increase in car sales so far in 2015 with the price of a new car down on average of 2.9%.
This increase has seen the Irish Exchequer benefit by €761million from new and used car sales since the start of the year, 3.7% of the total tax taken by the State this year.
The review also highlighted the key contribution of the Motor Industry in relation to job creation. It claims that 13.6% of all new jobs in Ireland in the past 12 months being created across the motor industry. SIMI claims that 5,600 new jobs have been created in the industry since June 2014.
The review claims that the cost of motoring in general has decreased notwithstanding the fact that motor insurance costs have increased by 15.7% since June 2014.
The buoyancy in the market has seen the predictions for this year’s end of year totals increase to a projected 123,000 new car registrations for 2015. This would be a 27% growth on 2014. These projections will mean delivery of an additional €219million for the Exchequer, 3,400 additional jobs and moves 2016’s predicted new car sales to 145,000, according to economist Jim Power.
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