Second hand car imports for May spikes once again
In sharp contrast to new new cars taxed for the first time, May saw an increase in second-hand car imports into Ireland.
While the total of 9,581 new cars in May was a drop of 5.4%, 7,732 second-hand cars were imported in the same period which was an increase of 40.9 per cent on May 2016.
The number of new cars sales traditionally drops from January to June each year year and then spikes again in July but this year sales have been far less with a drop of 10.3 per cent compared with the same period last year.
In comparison with that, the number of cars imported in the first five months of the year was up by 49.6 per cent on the same period in 2016.
We can see a trend developing here. New cars being taxed for the first time and new cars being registered for the first time are all seeing a drop in sales but second hand car imports are increasing.
With the value of sterling crashing against the euro the trend for second hand car importation is getting stronger.
The CSO figures also came out with the most popular make of new cars taxed in May. Volkswagen, followed by Renault, Nissan and Toyota represented 36.6 per cent of all cars taxed in the month of May. The least popular new car taxed in May was Ssangyong.
When it came to imported second-hand cars in May, Volkswagen was the most popular brand, followed by Ford, Audi, and Toyota. The least popular second-hand import was a tie between, again Ssangyong and Opel.