Number of new cars licensed down 20% in February
According to the latest figures from the Central Statistics Office (CSO), the number of new cars licensed in Ireland in February fell by 20.2 per cent compared to the same month last year (2016).
A total of 16,905 new cars were licensed in February 2017 which is quite a drop from the 21,173 licenced during February 2016.
It turned out as well that Toyota was the most popular marque among 16,905 new cars licensed for the first time last month.
Increase in used car sales
Although there was a huge drop in the sale of new cars, there was a massive increase in the sale of used cars for the same period.
7,723 used cars were licensed in February, up 52.1 per cent compared with the same month last year.
When taking the first two months of 2017 a total of 43,573 new cars were licensed, which was a drop of 9.7 per cent compared with January and February of 2016.
This equates to a 62.7 per cent increase in private cars licensed compared with the corresponding two months in 2016.
Of the new cars licensed in January and February this year, 65 per cent were diesel, while 96.4 per cent were in the A/B CO2 emission bands.
The latest figures also show that there was an 18.3 per cent decline in the number of new goods vehicles licensed in February compared with the same period last year.
(CSO data differs from that issued by the motoring industry in Ireland. The CSO measures the number of cars taxed for the first time, while the industry figures are based on new registrations issued by the Vehicle Registration Office.)