Economic measure? 21% fall in car sales .. 27.5% fall in commercials sales vs feb 2016

robut

Well-known member
Joined
Apr 6, 2008
Messages
8,729
21% fall in new car sales for February - SIMI

New car sales fell by 21% last month when compared with February 2016, according to new figures from the Society of the Irish Motor Industry (SIMI).

There were 17,128 new car registrations during the month, down from 21,573 for the same period a year ago.
Commercial:

New Car Sales Down 21 Percent in February | Industry & Business

The commercial sector is down almost 27.5% in February with 2.5k new registrations compared to 3.4k in 2016.
I did not hear much mention of this in the various Media, on TV / Radio news etc??

The RTE site says something I dont get .. One day can make THAT difference??

However, industry bodies have cited an extra trading day in February 2016 due to it being a leap year as a reason for such a pronounced fall in sales.
Anyway .. whats going on here, these figures seem significant? Even a 5 or 10% drop would be seen as something to talk of BUT no discussion much anywhere on percentages like 21% fall in car sales .. 27.5% fall in commercials sales??

This ties in for me where ( from biz owner to biz owner chat ) many small to medium businesses around the country ( outside Dublin in the main ) have felt a big drop in business this January / February in comparison to last few previous years. When asked most cannot explain it.

I am not saying that this is a sign of doom, its just that it is peculiar. Maybe its Brexit fears, US Trump uncertainty ..

Lets hope this is a temporary business blip / anomaly
 


gijoe

Well-known member
Joined
Jul 26, 2010
Messages
15,206
The loss in Excise/VAT will certainly start to show in the public finances in the coming months.
 

gerhard dengler

Well-known member
Joined
Feb 3, 2011
Messages
46,739
It could be a sign of tightening credit lending for new car purchases? Lots of car companies offer credit facilities to buy their cars, maybe they're not offering as much as they were before??
 

robut

Well-known member
Joined
Apr 6, 2008
Messages
8,729
AHA ..

Brexit to blame for sharp fall in new car sales in Laois - Leinster Express

Brexit is to blame for a sharp drop in car sales in Laois and around the country according to the motor industry.

The drop in Sterling caused by Brexit is resulting in the Euro going a lot further on the import market. Used car imports shot up by 46% to 7,787 nationally in February.
AND

The Industry projections for the year suggest that new car sales could drop by 7,000 this year.
 

cabledude

Well-known member
Joined
Jan 23, 2011
Messages
6,262
I was considering a 2017 Passat in November. I had intended going when VW do their 0% finance deal. There is one running at the minute. I would be in a new car for €299 per month. I want to wait a little longer as I am looking at moving job at the minute and I'm concerned about how this Brexit thing will work itself out.

The industry I'm currently working in is exposed to Brexit fairly deeply. If I were to move job, the company I am looking at is not as exposed. If I get the job, I'll buy the car.

The undercurrent out there is Brexit. It is having an effect on consumers propensity to consume. The consumption here being the commitment to a car loan of some type. As soon as certainty comes back into the debate, things should settle once more.
 

toughbutfair

Well-known member
Joined
May 28, 2009
Messages
9,949
I fecking hate car sales. So much money sent to Germany , USA, Japan. Better if people kept their cars for longer and spent it on local goods and services
 

gleeful

Well-known member
Joined
Feb 7, 2016
Messages
7,520
21% fall by value I assume. Cars got cheaper because of the fall in sterling?
 

Novos

Well-known member
Joined
Apr 14, 2016
Messages
3,364

irish_bob

Well-known member
Joined
Jul 9, 2008
Messages
7,528
I was considering a 2017 Passat in November. I had intended going when VW do their 0% finance deal. There is one running at the minute. I would be in a new car for €299 per month. I want to wait a little longer as I am looking at moving job at the minute and I'm concerned about how this Brexit thing will work itself out.

The industry I'm currently working in is exposed to Brexit fairly deeply. If I were to move job, the company I am looking at is not as exposed. If I get the job, I'll buy the car.

The undercurrent out there is Brexit. It is having an effect on consumers propensity to consume. The consumption here being the commitment to a car loan of some type. As soon as certainty comes back into the debate, things should settle once more.
id prefer either the mondeo , honda accord or toyota avensis in that class but VW do hold their value in this country
 

cabledude

Well-known member
Joined
Jan 23, 2011
Messages
6,262
id prefer either the mondeo , honda accord or toyota avensis in that class but VW do hold their value in this country
Its a lose/win/win for me.

I have a Mondeo at the minute, love it. Will be reluctant to hand it over. Love how it drives - Lose

The VW's hold their value like nothing else in Ireland. They are brilliant - WIN

AND, the finance deal is 0%. Its money for nothing - WIN.

I'm gonna win, bigly, win big.
 

Hunter-Gatherer

Well-known member
Joined
Jan 31, 2014
Messages
1,488
I did not hear much mention of this in the various Media, on TV / Radio news etc??

The RTE site says something I dont get .. One day can make THAT difference??
why would you expect anything from Radio Teilifis Emirates except for upbeat positive stories about sugar-candy mountain ?
 

gleeful

Well-known member
Joined
Feb 7, 2016
Messages
7,520
Within 10 years self driving cars will lead to a collapse in ownership rates. People will use uber-style services and rent on demand. Few people will bother owning a car.
 

Mad as Fish

Well-known member
Joined
Dec 6, 2012
Messages
24,185
Within 10 years self driving cars will lead to a collapse in ownership rates. People will use uber-style services and rent on demand. Few people will bother owning a car.
You're still dreaming I see. It ain't gonna happen.
 

Hunter-Gatherer

Well-known member
Joined
Jan 31, 2014
Messages
1,488
Within 10 years self driving cars will lead to a collapse in ownership rates. People will use uber-style services and rent on demand. Few people will bother owning a car.
within ten years it will be electric milk floats with bicycle pedals being worked furiously by all occupants. maximum speed 8 mph.
 

im axeled

Well-known member
Joined
Nov 24, 2010
Messages
29,289
21% fall in new car sales for February - SIMI



Commercial:

New Car Sales Down 21 Percent in February | Industry & Business



I did not hear much mention of this in the various Media, on TV / Radio news etc??

The RTE site says something I dont get .. One day can make THAT difference??



Anyway .. whats going on here, these figures seem significant? Even a 5 or 10% drop would be seen as something to talk of BUT no discussion much anywhere on percentages like 21% fall in car sales .. 27.5% fall in commercials sales??

This ties in for me where ( from biz owner to biz owner chat ) many small to medium businesses around the country ( outside Dublin in the main ) have felt a big drop in business this January / February in comparison to last few previous years. When asked most cannot explain it.

I am not saying that this is a sign of doom, its just that it is peculiar. Maybe its Brexit fears, US Trump uncertainty ..

Lets hope this is a temporary business blip / anomaly
stats guru samson posted that 70% of the population were living on under €230 per week, simples really
 

Mad as Fish

Well-known member
Joined
Dec 6, 2012
Messages
24,185
within ten years it will be electric milk floats with bicycle pedals being worked furiously by all occupants. maximum speed 8 mph.
Doubt that it will as quick as that with all the cobalt they'll be humping around, that's if there is any to be had.
 

ergo2

Well-known member
Joined
Oct 4, 2008
Messages
14,065
A number of small business owners in the West tell me that Christmas trade was back on previous year, and that first two months of 2017 have been quieter than same period in 2016.

Online sales, difficulty of getting credit, Brexit are blamed
 

im axeled

Well-known member
Joined
Nov 24, 2010
Messages
29,289
It could be a sign of tightening credit lending for new car purchases? Lots of car companies offer credit facilities to buy their cars, maybe they're not offering as much as they were before??
there is an amount of 2nd hand cars in the market, the pdp which was so agressivly pushed will be coming home to roost next year, so either people are waaiting in the hope that there will be a flood of three year old cars on the market, or they are skint, usc and lpt are brusing, luckely iw did not materialise
 


New Threads

Popular Threads

Most Replies

Top