July 9, 2020
Business News

Vroom to improve: New cars sales plummet in Waterford this year

Just 11 new car registrations were recorded in Waterford in the month of November.

Total new registrations in Waterford are down nearly 6% on 2018, that’s according to figures from the Society of the Irish Motor Industry (SIMI) yesterday.

The November figures are up 22% year on year, as 11 new registrations were recorded in November this year, as opposed to nine in 2018.

In total, 3,097 cars have been newly registered in Waterford in 2019 so far, but that falls short of the 3,290 cars registered in the same period in 2018.

Overall in Ireland, Car registrations until the end of November were down just shy of 7% compared to the same period last year.

Simi’s figures show that for the second year in a row over 100,000 cars were imported into Ireland (104,000 until the end of November), while only 117,000 new cars were registered here, down from 125,000 in 2018.

For the whole of 2018, just 100, 755 cars were imported, with a month left in the year, 2019 has exceeded this.

Brian Cooke, SIMI Director General said: “It has been a disappointing year for the Irish Motor Industry.

“For the second consecutive year, used car imports have exceed 100,000, which is having a dampening impact on new car sales. With the 201 registration plate on the horizon, focus has already turned to January. With generous incentives for customers to buy a new car across all brands and across all market segments, members are hopeful for the busy start to 2020.”

 

 

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