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Dublin: 20 °C Monday 28 July, 2014

Which county has seen the biggest increase in new car registrations this year?

The industry is picking up, but employment remains some level off the boomtime peak.

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THERE HAS BEEN an increase of over 50% in the amount of cars registered so far in 2014 in County Leitrim, according to the Simi/DoneDeal quarterly motor industry review.

The county only accounts for a tiny 0.44% of the total amount of registrations, with Dublin accounting for the largest amount of registrations at 38.25%.

By gross figures, Dublin is outpacing the rest of the country with 25,164 registrations so far this year. The closest competition comes from Cork, where there have been 8,372 new cars registered.

However, the capital and surrounding county has only seen a 14% increase in new car registrations, placing it at the bottom of the county list. This compares to a 23.4% jump nationwide.

Simichart

Source: Simi

Click here for a larger version

Cavan is joined by several other smaller counties at the top of the table, with Wexford, Monaghan, Cavan and Clare also posting levels more than 40% higher than in 2013.

Growth was sluggish in Westmeath, Kilkenny and Galway, all of which saw growth levels of less that 25%, as was the case in Dublin.

The overall number of new cars registered has jumped from 53,225 to 65,704 this year.

Employment

While employment in the motor industry is some way off the peaks seen in 2006 and 2007, the recovery in the sector has seen an additional 2,300 people employed in the sector compared to the first quarter of 2013.

Simichart

Source: SIMI/CSO

Click here for a larger version

Economist Jim Power, who compiled the report, said that it shows that the outlook for the motor industry is continuing to improve.

“This looks set to be the most positive year for the Irish economy since 2007 with the Motor Industry being a key driver in this, contributing 3.4% of the total tax revenues collected in the first six months of 2013.”

Simi director general Alan Nolan said that stability from the Government is key to locking in recovery in the sector.

“We need the Government to play its part and keep these conditions stable over the next 12-18 months to help the industry recover, to create jobs and to ensure that we continue a healthy contribution to the Exchequer.”

Read: How many new cars have been sold in Ireland so far this year?>

Read: Huge increase in number of people buying new cars compared to last year>

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