Figures Shows Drop In New T Registered Vehicles

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The Society of the Irish Motor Industry has expressed disappointment at the figures for new car registration in July with numbers down 17% on July last year and  11% on July 2019.

21,902 new cars registrations were recorded for July 2022.

County Tipperary also reports a drop in sales of 29 units compared to the same period in 2021. There were 2,334 new registrations in county Tipperary in July – down 1.23% from July 2021.

To date this year 87,075 new cars have been registered year to date compared to 90,330 for the same period in 2021 (-3.6%) and 105,439 behind that of pre-Covid levels in 2019 (-17.4%). 

The Society of the Irish Motor Industry  noted that the electric vehicle segment continues to grow, both in quantum and as a proportion of the new car market, with an 80% year on year growth and a market share of 13%. SIMI also notes that the current level of sales means the car fleet gets older on average.

SIMI wants Government policies to support and encourage the change to lower and zero emitting vehicles and therefore wants the government to extend EV supports at current levels out to 2025 and to avoid any VRT increases in Budget 2023 due on September 27th.  The government is likely to cut supports as the volume of EV sales increases due to the cost involved.