CV registration statistics for April

The Society of the Irish Motor Industry (SIMI) has issued the new commercial vehicle registrations statistics for April.

New light commercial vehicle (LCV) registrations were slightly up 1.12 per cent (1,812) on April 2018 (1,792) and year to date are down 9.95 per cent (12,892). While new heavy commercial vehicles (HGV) have increased 27.27 per cent for the month of April (308) compared to the same month last year (242) and are up 3.11 per cent (1,194) year to date.

The SIMI Report shows that while the Irish economy is still positive, new commercial registrations still declined in the first quarter of 2019. External threats such as Brexit uncertainty, greater consumer caution and the ongoing growth of used imports continue to undermining sales. Another contributing factor is the increase in the VRT on new vehicles, arising from the fact that no allowance was made by the Irish authorities for the first step in the move to the new WLTP testing regime.