New LCV/HGV registrations see November decrease

Official statistics released by the Society of the Irish Motor Industry (SIMI) show that the total new Light Commercial Vehicle registrations (LCV) have slightly decreased -1.55 per cent (572) on November 2017 (581) and are up 5.7 per cent (25,340) year to date. While New Heavy Commercial Vehicles (HGV) have also seen a decrease of 38 per cent for the month of November (80) when compared to the same month last year (129) and are up 2.5 per cent (2,538) year to date.

Commenting on the figures, Alan Nolan SIMI Director General said: “As we approach the end of 2018 new vehicle registrations are in line with Industry projections. Our Industry has experienced a decline in new car registrations eight months out of 11 so far in 2018 and the month of December will no doubt see a further fall back in new car registrations. The impact of Brexit and sterling weakness continues to drive used car imports to a level where the volume is impacting on the new car market. This challenging and uncertain trading environment is set to continue into 2019.”