Motor Industry Review – Q4 2015

Cathal Cremen (Donedeal), Mark Boggan President SIMI),, Minister Brendan Howlin TD, Alan Nolan (SIMI), John Power (Economist) pictured at the launch of the Donedeal / SIMI Motor Industry Report in the Wexford County Council Buildings. This morning, we presented the final DoneDeal/SIMI Quarterly Motor Industry Review of 2015. Brendan Howlin TD Minister for Public Expenditure and Reform officially launched the report at the Office of Wexford County Council. Car sales figures for the month of January show that 161 registrations are up 33% (39,812) compared to January 2015 (29,808). Light Commercials are currently up 34% (6,589) compared to January last year (4,909),while HGV (Heavy Goods Vehicle) registrations are also up 138% (492) for January in comparison to the same time last year (206). The DoneDeal/SIMI Report highlights the progress that the Motor Industry made last year while the 161 registration figures reflect the continued growth in sales which is helping the Industry to return to more normal levels of sales. New car sales total in 2015 (124,945) up 30% on 2014 €1.19 Billion Exchequer contribution in 2015 from car sales Employment currently 43,400 2016 forecast new jobs to increase by 3% Petrol prices down -8.2%, Diesel prices down -11.4%, Insurance Costs up +30.7% January 2016 car sales (39,812), up 33% on January 2015 (29,808) 2016 forecast of new car sales, 152,500 #Motor #MotorIndustryReview