Three percent fall in new car sales in Galway

Three percent fall in new car sales in Galway

The number of new cars sold in Galway dropped by more than three percent in 2018 according to new figures.

Statistics released today by the Society of the Irish Motor Industry show that there were 4,759 new cars registered in Galway last year.

That’s 163 less cars than were registered in 2017, a decline of 3.3 percent.

People weren’t buying new cars in Ireland across the board as over sales dropped by were down 4.4 percent on 2017, from 131,332 to 125,557 last year.

Commenting on the figures SIMI Director General Designate, Brian Cooke said, “Despite the strong economic performance of Ireland last year, 2018 proved very challenging for new car sales.”

He attributed the decline to the ongoing effects of Brexit and the weakness of the Sterling which has made it more economical to import cars from Britain.

Used car imports surpassed 100,000 units in 2018 for the first time.

“The Motor Industry is however as always forward looking, and with the new 191 sales period now commencing, January and the first quarter will be the key focus for dealers,” said Brian Cooke.

“In this context, the new car market is hugely competitive, with a wide choice of models and creative incentives, as well as the availability of a variety of financing options driving real value for new car customers.”

While several counties had a small jump in sales of less than one percent, Wexford was the only county to stand out from the pack with a 3.4 percent increase in the sale of new cars.

The sharpest decline in new car sales were felt in Cavan (15.81%), Roscommon (12.57%), Leitrim (12.16%), and Donegal (11.69%).

That’s not to say there wasn’t any good news, as the sale of electric cars more than doubled in 2018 with 1,233 registered in comparison to 622 in 2017.

For anyone considering buying a second hand car in 2019, Brian Cooke said people should consider buying locally.

“SIMI’s advice is to shop around and consider the real benefits of shopping in your local retailer, who not only provides value to the customer but also encourages economic activity locally.”

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