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New car sales plummet in July, but 13 were all-electric

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New car sales plummeted last month – although July heralded the start of the new registration period for 222 vehicles.

A total of 21,902 new cars were registered, compared with 26,477 in July 2021, a decrease of 17.3 percent.

This brings the total number of new cars registered so far this year to 87,075, down from 90,330 for the corresponding period in 2021.

However, the latest statistics from the Society of the Irish Motor Industry (SIMI) show continued growth in sales of new electric vehicles. A total of 2,738 were registered, compared to 1,895 in July 2021. And for the current year, 11,182 were registered. That is almost 80 percent more than in 2021.

EVs, plug-in hybrids and hybrids now have a combined market share of 40.9 percent. Gasoline purchases made up 29.29 percent of sales, diesel 27.51 percent with hybrid at 21.23 percent, battery electric 12.84 percent and plug-ins 6.83 percent.

Used car imports fell 21.3 percent and year-to-date imports fell 31.1 percent.

Brian Cooke, SIMI’s general manager, said it was disappointing to see a 17.3 percent drop, marking the start of the second-highest selling period.

“While consumers appear to have an appetite for both new and used cars, supply issues are hampering overall activity. The impact of this is another underperforming year, causing the Irish vehicle fleet to age,” he said.

Mr Cooke said the underlying new car market needs to grow significantly over the next few years to “optimize transport emissions reductions”.

He warned that the government should not reduce support for electric vehicles or increase taxation as this “will only act as a barrier to change and increase the cost of living”.

SIMI calls on the government to continue its support for electric vehicles by extending support at current levels until 2025 and opposing any VRT increases in the 2023 budget.

https://www.independent.ie/life/motoring/car-news/new-car-sales-plunge-in-july-but-13pc-were-fully-electric-41884922.html New car sales plummet in July, but 13 were all-electric

Fry Electronics Team

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