1 August 2022

'Disappointing' July sales as supply impacts

Car sales for July have been described as 'disappointing' by the Society of the Irish Motor Industry, writes Brian Byrne.

With registrations for the month at 21,902 units, they were 17.3pc down on the same month last year. Year to date sales are down 3.6pc compared to the same period last year.

Electric vehicle registrations at 11,182 year to date are up by 79.6pc and represent almost 13pc of sales.

Brian Cooke, Director General SIMI, says that while it appears that there is appetite among consumers for both new and used cars, supply issues are hampering overall activity. He also urged the Government to continue its support for the EV project by extending EV supports at current levels out to 2025 and to resist any VRT increases in Budget 2023 which 'will only prove counterproductive' to efforts to encourage the change to lower and zero emitting vehicles.