Motor industry on a high as 27,633 new cars sold in July

CarsBy Robbie Farrell
July has been a great month for new-car sales
July has been a great month for new-car sales

The Society of the Irish Motor Industry (SIMI) has released the official car sales figures for July.

The “152” sales figures for July are up 48 per cent (27,633) compared to (18,711) July 2014 and are currently up 30 per cent (109,960) for the first half of 2015.

Light Commercial Vehicles (LCV) were up 49 per cent (3,768) on July 2014 (2,535) and year to date are up 54 per cent (18,426).

Heavy Goods Vehicles (HGV) are also up for the month of July 41 per cent (291) compared to the same month last year (207) and overall are up 9 per cent (1,556).

The July figures were announced at the launch of the SIMI/DoneDeal 2nd Quarter Motor Industry Review, which was compiled by Economist Jim Power and provides key Industry information on 2015 up to the end of June.

The Review has highlighted a 25.4 per cent increase in car sales so far in 2015 with the price of a new car down on average of 2.9 per cent.

This increase has seen the Irish Exchequer benefit by €761million from new and used car sales since the start of the year, 3.7 per cent of the total tax taken by the State this year. 

The SIMI/DoneDeal Review also highlighted the key contribution of the Motor Industry in relation to job creation with 13.6 per cent of all new jobs in Ireland in the past 12 months being created across the Motor Industry. 

5,600 new jobs have been created in the Industry since June 2014.

The cost of motoring in general has decreased notwithstanding the fact that motor insurance costs have increased by 15.7 per cent since June 2014.