New private car sales in Ireland down nearly 10 pct in July

A total of 18,741 units of new private cars were sold in Ireland in July, down 9.7 percent compared with the same month of last year, latest figures from the country’s national statistics bureau CSO showed.

The declining rate for the July sales outpaced the negative growth rate of 7.1 percent reported by the CSO in the country’s total sales of new private cars in the first seven months of this year, indicating a possible further shrink in new private car sales in the near future.

In the first seven months of this year, a total of 96,380 new private cars were sold in Ireland, according to the CSO figures.

Despite the drop in the July new private car sales, the sales of second-hand private cars in the month witnessed a strong growth.

A total of 9,203 used private cars were sold across the country in July, up by 12.2 percent compared with a year ago, bringing the total sales of such vehicles in the first seven months of this year to 60,897 units, which represented a year-on-year growth of 4.1 percent, said the CSO.

Local media quoted dealers as saying the recent further drop in the value of British pounds against euros over the Brexit uncertainties is one of the factors contributing to the growth in the used private car sales on the local market.

The CSO figures also showed that in July Toyota was the most popular make among all new private cars sold in the country with the month’s sales figure standing at 2,344 units, trailed by Volkswagen (2,118), Hyundai (1,671), Skoda (1,435) and Ford (1,299). The combined sales of the top five selling makes accounted for 47.3 percent of all the new private cars sold in the country in July.

The CSO also said that the share of electric and hybrid vehicles in all the new private cars sold in Ireland in the first seven months increased by four percentage points to 10.6 percent from 6.6 percent in the same period of 2018.