New car registrations ramp up, CSO data shows

April increase of 20% marks reversal in recent trend

There was an annual increase of almost 20 per cent in the number of private cars taxed for the first time in the Republic in April, reversing a trend of decline seen in recent months.

Some 13,794 private cars were licensed in April, according to data from the Central Statistics Office (CSO), a rise of 19.4 per cent on the same month in 2018.

In the first four months of the year, a total of 64,655 new private cars were taxed, a fall of 7.6 per cent compared with the same period last year while the number of imported cars taxed increased by 3.8 per cent.

Nissan held the largest individual brand market share, at 10.9 per cent, followed by Volkswagen at 10.3 per cent and Toyota at 10 per cent. In April 2018, Volkswagen held 16.2 per cent, followed by Toyota with 6.9 per cent.


SIMI figures

The CSO figures are based on cars taxed for the first time, as opposed to those issued by the Society of the Irish Motor Industry (SIMI), which track new registrations. There is often a lag between the two as a new car cannot go on a public road without a registration plate but there may be a delay in owners taxing their new purchases.

The figures show how diesel cars are decreasing in popularity, accounting for 47.8 per cent of all new private cars licensed in the first four months of the year, compared to 55.9 per cent in the same period in 2018.

Peter Hamilton

Peter Hamilton

Peter Hamilton is a contributor to The Irish Times specialising in business