Motor Industry Review – Q1 2016

Today we launched the first quarterly Motor Industry Review for 2016 in association with the Society of the Irish Motor Industry (SIMI). This report highlights the progress that the Motor Industry has made so far this year while presenting an outlook for the coming year. Jim Power Economist and author of the DoneDeal / SIMI Report said: “New car registrations should be capable of expanding by around 25%, giving total sales of 156,181 for 2016. Looking ahead to 2017, while it is impossible to forecast that far ahead with any degree of confidence, another good year should be in prospect for the auto industry.” Some of the key figures for Q1: €1.439 billion worth of goods advertised in the DoneDeal Motor section 25% increase in the number of dealer ads published on DoneDeal 41,000 cars advertised on DoneDeal over the value of €10,000, a 21% increase from last year 260,534 motor ads published in Q1 2016 Top selling car brands on DoneDeal Volkswagen Ford Toyota BMW Audi. Cost of motoring Petrol costs 11.1% less than Q1 2015 Diesel costs 17.7% less than Q1 2015 A new car costs 2.8% less than Q1 2015 Car insurance costs 32.4% more than Q1 2015 #MotorIndustryReport #Motor