New car registrations in Ireland saw a 7% rise in January 2024, reaching 33,521 compared to January 2023. While light commercial vehicle registrations declined, heavy goods vehicle registrations increased. Electric vehicle sales hit a record high, with 4,925 registrations, representing a 20% jump. Petrol cars remain the market leader, followed by hybrids, diesel, electric, and plug-in hybrids. Automatic transmissions dominate the market.
) today released their official 251 new vehicle registration statistics for January, showcasing a promising start to the year for the motor industry.Light Commercial vehicles are down 16% compared to January last year . While HGV registrations are showing an increase of 8% in comparison to January 2024 .
In the new car market share by engine type, Petrol cars remain the leader at 28.24%, followed by Hybrid 24.89%, Diesel at 16.31%, Electric at 14.69% and Plug-in Electric Hybrid at 14.17%. Automatic transmissions account for 71.71% of market share, while manual transmissions continue to see a decline 28.28%.“The new car market has started positively, with 33,521 new cars registered in January, an increase of 7% on the same month last year. For the commercial sector, registrations were mixed, with Light commercial vehicles experiencing a decline of 16%, while Heavy Goods registrations saw an increase of 8% on last year.
Most notably, battery technology cars all saw significant growth, with their combined market share exceeding over half of the market. In particular, Battery Electric Vehicles sales surged in January, with 4,925 registrations, up 20% on the same period last year, the highest monthly total number of EVs sold, although their overall market share of 15% has yet to reach 2023 levels .
NEW CAR REGISTRATIONS ELECTRIC VEHICLES IRELAND AUTOMOTIVE INDUSTRY MARKET TRENDS
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