2 August 2023

Car sales up by a fifth

MG4, top selling electric model in July.

Car registrations for the year to date are up by 20.1pc over the same period last year, according to figures released by the Society of the Irish Motor Industry, writes Brian Byrne.

The increase is in part due to improved supply of vehicles resulting in the fulfilment of long-standing orders. "Improved production over the last few months has helped supply catch up with demand," says SIMI Director General Brian Cooke, "resulting in July new car sales almost matching those of the key selling month of January."

Once again, sales of electric cars are in sharp focus, with the 18,458 units delivered to date representing an increase of nearly two-thirds on the same period in 2022. 

Light Commercial vehicle registrations year to date are up by 35.3pc at 22,997 units.

In fuel-energy market share, petrol retains the largest share at 32.29pc, diesel at 22.06pc, hybrid 18.04pc, electric 17.64pc, and Plug-in electric hybrid 7.67pc