New car registrations for March were down 16% (14,936) when compared to March 2023 (17,685). Registrations year to date are up 8.0% (62,807) on the same period last year (58,151).

Light Commercial vehicles (LCVs) increased by 31.7% (4,410) compared to March last year (3,348). Year to date LCVs are up 34.1% (15,356). HGV (Heavy Goods Vehicle) registrations are up 28.2% (350) in comparison to March 2023 (273). Year to date HGVs are up 15.0% (1,110).

Imported Used Cars have seen an 11.0% (5,216) rise in March 2024, when compared to March 2023 (4,698). Year to date imports are up 24.2% (15,487) on 2023 (12,473).

In March 2,009 new electric cars were registered, which was 41.1% lower than the 3,412 registrations in March 2023. So far this year 7,971 new electric cars have been registered which is a 14.3% decrease compared to the same period in 2023 when 9,297 electric cars were registered.

In the new car market share by engine type for 2024, Petrol cars lead the new car market at 33.37%. followed by Diesel at 23.05%, then Hybrid (Petrol Electric) at 21.33%, Electric at 12.69%, and Plug-in Electric Hybrid at 7.92%.

Brian Cooke, SIMI Director General commenting: 
“While the new car market started strongly in the first two months of the year, March proved to be much more difficult. New car sales showed a 16% decrease on the same month last year, although sales for the first quarter remain 8% ahead of 2023. Sales of light and heavy commercial vehicles both show growth in registrations for March. Sales across all fuel types were behind last year, with the Electric Vehicle segment seeing a notable decline. This highlights the ongoing challenge of transitioning to electrification, as we move into the mainstream car market. The electrification of the fleet requires increased collaboration between all stakeholders to bridge this current chasm in the market. For the Industry, this means investment and delivery of EV technology. For Government, this means increased support in terms of extension of current incentives, including purchase grants and Benefit-In -Kind (BIK) relief for companies, and working with private enterprise to upgrade the national charging infrastructure, to boost consumer confidence in making the switch to electric vehicles.”

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New car registrations for February were up 25% (16,455) when compared to February 2023 (13,122). Registrations year to date are up 18.3% (47,882) on the same period last year (40,466).

Light Commercial vehicles (LCVs) increased by 36.8% (3,515) compared to February last year (2,569). Year to date LCVs are up 35.6% (10,987). HGV (Heavy Goods Vehicle) registrations are up 14.2% (305) in comparison to February 2023 (267). Year to date HGVs are up 10.3% (763).

Imported Used Cars have seen a 24% (4,945) rise in February 2024, when compared to February 2023 (3,989). Year to date imports are up 32.1% (10,270) on 2023 (7,775).

In February 1,866 new electric cars were registered, which was 15.5% lower than the 2,207 registrations in February 2023. So far this year 5,968 new electric cars have been registered which is a 1.4% increase compared to the same period in 2023 when 5,885 electric cars were registered.

In the new car market share by engine type for 2024, Petrol cars continue to lead the new car market at 32.97%. Diesel is next at 23.76%, then Hybrid (Petrol Electric) at 21.51%, Electric at 12.46%, and Plug-in Electric Hybrid at 7.76%.

Brian Cooke, SIMI Director General commenting: 
“New car registrations for February show a 25% increase on the same month last year, and year to date are now 18% ahead of 2023. Supply chain issues prevalent at the start of 2023 are no longer impacting on sales. Registrations of light commercial vehicles also show a positive start to the year, up over a third on last year. Electric vehicle (EVs) registrations are down on February last year and are only marginally ahead of the first two months of 2023. 

This slowing down in EV sales is not unique to Ireland and is reflective of other new car markets. It is typical of the life cycle in the adaption of any new technology, where there is a gap between early adapters and the early majority consumers. This is happening at a time when we need to accelerate the growth in EV sales. The electrification of the car fleet is strategically important. It will cut transport emissions and shape the future of the Motor Industry. To speed up the move to EVs in the wider motoring public, the Industry and Government must keep working together. For the Industry, this means the rolling out of more EV models. For Government, it means extending incentives and investing in the national charging infrastructure.”

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• 121,850 new cars registered in 2023 compared to 105,398 for the same period in 2022 (+16%) and 117,109 in 2019 (+4%).

• 22,789 new electric cars registered in 2023 comparison to 15,678 on the same period 2022 (+45.4%) and 3,444 in 2019 (+561.7%).

The Society of the Irish Motor Industry (SIMI) has released their official new vehicle registrations statistics for 2023.

Total new car registrations for 2023, finished at 121,850 +16% on 2022 (105,398) and up 4% on 2019 (117,109).

New Light Commercial Vehicle (LCV) registrations in 2023 saw an increase of 25.1% (29,403) compared to 2022 (23,510) and a 16.1% increase on 2019 (25,336). While New Heavy Commercial Vehicle registrations (HGV) saw an increase of 20.4% (2,655) in comparison to 2022 (2,205) and 19.9% on 2019 (2,214).

Imported Used Cars saw 50,716 registrations in 2023, an increase of 9.09% on 2022 (46,490) and a decrease of 55.48% on 2019 (113,926).

A total of 22,789 new electric cars were registered in 2023, an increase on the 15,678 registrations seen in 2022 (+45.4%) and 3,444 in 2019 (+561.7%).

Market share for 2023 seen Petrol account for 30.07%, Diesel 22.16%, Electric 18.70%, Hybrid 18.54% and Plug-In Hybrid 8.28%. Petrol continues to remain the most popular engine type for 2023, while Electric, Hybrid, and Plug-in Hybrid account for 45.5% of the market.

Automatic transmissions now account for (64.54%) of market share, while manual transmissions have declined (35.35%).

The hatchback continues to remain Ireland’s top selling car body type of 2023. While grey retains the top selling colour title for the eight year running.

Brian Cooke, SIMI Director General commenting: 
“2023 was a year of progress for the Irish Motor Industry, both in terms of new vehicle registrations and electric vehicle sales. New car registrations finished at 121,850 units, up 16% on last year and 4% ahead of pre-COVID 2019. The growth in electric vehicle sales continued into 2023, with an increase in market share from 15% in 2022 to nearly 19% in 2023.This represented a 45% increase in EV sales for the year. We do expect to see some growth in EV sales again in 2024, but key to this will be the ongoing Government support, both in terms of vehicle and taxation incentives and investment in a fit for purpose charging infrastructure. The mix in the new car market however, from electric to hybrid to more traditional engine types, highlights the diverse nature of Irish motorists’ driving requirements, and reducing the age of the national fleet, as well as moving to zero emission vehicles, will be vital if we want to get close to Ireland’s climate goals. The commercial vehicle sector both light and heavy vehicles also delivered a solid performance in 2023. Light commercial vehicles finished 25% ahead of last year and Heavy Goods Vehicles saw a 20% increase on 2022.”  

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New car registrations for the month of May were up 42.7% (7,557) when compared to May 2022 (5,295). Registrations year to date are up 18.2% (74,542) on the same period last year (63,057).

Light Commercial vehicles (LCV) are up 76.2% (2,528) compared to May last year (1,435) and year to date are up 31.1% (16,255). HGV (Heavy Goods Vehicle) registrations are also showing an increase of 11.9% (217) in comparison to May 2022 (194). Year to date HGV’s are up 35.6% (1,424).

Imported Used Cars seen a 14.9% (4,486) increase in May 2023, when compared to May 2022 (3,905). Year to date imports are up 5.2% (20,797) on 2022 (19,766).

For the month of May 1,725 new electric vehicles were registered compared to 743 in May 2022 (+132.2). So far this year 12,875 new electric cars have been registered in comparison to +55.9% (8,258) on the same period 2022.

Electric Vehicles, Plug-in Hybrids and Hybrids continue to increase their market share, with a combined market share (year to date) now of 42.74%. Petrol remains dominant at 32.36%, with Diesel accounting for 22.17%, Hybrid 17.51%, Electric 17.27% and Plug-in Electric Hybrid 7.96%.

Brian Cooke, SIMI Director General, said “New car sales increased again in May when compared to the same month last year, and now new cars sales are edging closer to Pre-COVID levels. Some easing of supply difficulties has resulted in improvement in delivery times, and this has led to a significant growth particularly in Electric Vehicle (EV) registrations.

“Year to date EV sales are now 56% ahead of last year, representing over 17% of the new car market. During the month of May nearly one-in-four new cars sold were electric, outperforming diesel sales for the month. Further analysis of the registrations highlights that when we combine Electric Vehicles, Plug-in Hybrid Vehicles (PHEVs) and Hybrids, which use battery technology for driving, they account for over 50% of the new car market for May. Commercial vehicle registrations both the heavy and light sectors, also demonstrated strong growth during the month.”

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Speaking at the event, Paddy Magee President of the Society of the Irish Motor Industry commented that “As President I look forward to working even more closely with the Society over the next 12 months. My focus will be on continuing the work already undertaken in helping to position the Motor Industry as a leader and enabler of the green transition. The Motor Industry remains fully committed to working with Government to help achieve their Climate Action Targets. The industry is playing its part in the electrification process, and we need to build on the momentum already in the marketplace, with the right economic and taxation environment to support the uptake of new zero and low emissions vehicles.”

Mr. Magee continued “We are already starting to see a reduction in EV support. Our primary focus is on Budget 2024 ensuring EV incentives/supports are maintained, No VRT/VAT increases and to see the BIK’s recent reliefs extended for the foreseeable future. Company vehicles will play a key role in helping to escalate the transition of electrification of the fleet, by increasing the number of new vehicles, we can also help supply and secure the used EVs market in the future.”

Mr. Magee has enjoyed 25 years working within the Motor Industry, 20 years with Renault Ireland remarking that “I have yet to see one year which has been normal and without challenges, but I would also say that these challenges have always brought opportunities. It is exciting times, as we are seeing many changes within our industry, the continued journey towards electrification is now joined by changes in distribution along with many daily challenges.”

In conclusion Mr. Magee said he is looking forward to his term as President, servicing the membership and the industry he absolutely loves and wanted to thank members of the Society for this opportunity.

Paddy Magee is the Country Operations Director of Renault Ireland, based at their headquarters in Dublin. He is responsible for the Renault and Dacia brands in Ireland and a network of 33 dealerships around the country. The Wicklow native has worked in the Motor Industry for 25 years, 20 years with Renault Ireland. A graduate of DIT Bolton Street, Paddy was Sales Director of Renault Ireland until he was appointed as the group’s Country Operations Director in 2013. This year Paddy celebrates a decade of leadership with the Renault & Dacia Ireland, working alongside an excellent team and an extensive dealer network which employs over 600 people and are currently the 3^rd largest network in the industry for Passenger Cars & Light Commercial vehicles.

Paddy has previously served as Chairperson of the SIMI’s Vehicle Distributors Committee and is a current member of the Society’s Management Board.

He is married to Claire and has two daughters Katy May & Rhona.

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