New cars registered in November slows by 4%

December 5, 2023

The number of new cars registered in November fell 4% according to new data from the Society of the Irish Motor Industry (SIMI).

947 cars were registered during the month, down from 985 in the same month a year earlier.

However, despite the fall off last month, so far this year registrations overall are up 15% at 121,430, although compared to 2019 levels they are up just 4%.

“Sales of commercials both Light (LCV) and Heavy Good Vehicles (HGVs), continue to remain subdued in November, however they are ahead year to date,” Brian Cooke, Director General of SIMI, said.

Sales of new electric cars continued to rise, with 355 registered in November, up 3.5% on a year ago.

Overall, 22,629 new electric cars have been registered this year, up 45% on the first eleven months of last year.

Electric vehicles, plug-in hybrids and hybrids now have a combined market share of 45.48%, today’s figures show.

Sales of new petrol cars still account for 30% of the overall total, with diesel making up 22%.

“Despite a decline in November new car registrations, the market share of battery electric cars continued to rise, with all counties seeing an increase in electric vehicle registrations,” Mr Cooke said.

“The number of electric cars sold in the month are double that of diesel and petrol cars,” he noted.

“Private consumer sales dominate the EV market accounting for 75% of EV sales year to date, underlining the importance of continued incentives and supports into 2024,” he added.

Article Source – New cars registered in November slows by 4% – RTE.ie

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