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The Society of the Irish Motor Industry (SIMI) has published its official new vehicle registration statistics for 2024, providing valuable insights into trends across Ireland’s automotive market.
Despite a stable performance in the new car market, overall registrations dipped slightly compared to 2023, with 1% fewer cars sold. However, the commercial vehicle sector demonstrated significant strength, reflecting broader economic growth. “Commercial Vehicles Sales, underlining the growth in employment and activity across the Irish economy, were more positive with LCV registrations finishing 7% ahead of last year and HGVs up 8% on 2023″ said Brian Cooke, SIMI Director General.
EV Market
The report also highlighted a notable shift in the Electric Vehicle (EV) uptake, which faced challenges throughout the year. EV registrations declined by 24% compared to 2023, marking a significant slowdown in the adoption of electric cars. However, there were encouraging signs of a recovery in the latter months of the year, with the sale of EV’s increasing 59% in November and 48% in December, compared to the same months in 2023, giving the industry cautious optimism about a rebound in 2025.
“The key feature of the 2024 new car market was the decline in Electric Vehicle sales, a reduction of 24% compared to 2023. There has however been some tentative signs of a turnaround in EV sales towards the end of 2024, and the Industry is anticipating an increase in EV sales in 2025.“
Here are some of the key figures from the report.
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