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New vehicle January registrations announced

The Society of the Irish Motor Industry (SIMI) has released the official 221 new vehicle registration figures for January.

While normally January gives a good indication for how the market will go for a full year, this time it isn’t so clear due to some manufacturers having more supply issues than others, a hangover from factory lockdowns earlier in the pandemic.

New cars registrations for the month of January are down very slightly -0.2 per cent (25,093) when compared to January 2021 (25,140). Toyota leads the market with a strong 20.9 per cent market share. Hyundai is second, Volkswagen is third, Skoda is in fourth place, and Kia completes the top five.

The best selling model in January was the Hyundai Tucson, followed by the Toyota Corolla, Toyota RAV 4, C-HR, Yaris, the Nissan Qashqai, Hyundai Kona, Toyota Yaris Cross, Skoda Octavia and the Ford Puma completes the top 10.

Commercial sense
Light commercial vehicles (LCV) are up slightly 0.7 per cent (5,055) compared to January last year (5,022).

Ford leads the market with 26.41 per cent market share. It is followed by Volkswagen, Opel, Citroen and Toyota in fifth place.

The top selling models are the Ford Transit Custom, followed by the Transit in second, Citroen’s Berlingo, the Volkswagen Caddy and the Peugeot Partner in fifth place for January.

HGV (Heavy Goods Vehicle) registrations are also showing a small decrease of 1.5 per cent (332) in comparison to January 2021 (337).

More on the car market
Used car imports seen a massive 40.8 per cent (4,041) decrease in January when compared with January 2021 (6,821).

New electric car registrations reached their highest month on record with 2,714 registered in January 2022 (+178%), compared to 977 January 2021.

The Hyundai IONIQ 5 was the best-selling electric car in January 2022, with 459 units registered. It was followed in second place by the Nissan Leaf, then the Kia EV6 in third, VW ID4 in fourth, with the Kia Niro in fifth place for January.

Battery technology cars have seen the greatest increase in market share for January, accounting for over 46 per cent of the new car market. There was a significant increase in growth for hybrid (26.5%), plug-in hybrid (8.4%) and electric (10.8%) market share.

Despite a large decrease in market share for internal combustion engine type vehicles, petrol is now dominant (28.6%), while Diesel declined to (22.4%).

Interestingly, automatic transmissions (57.1%) have increased their market share for January overtaking manual transmissions (42.8%) in popularity for the first time.

Commenting to AutoTrade.ie on the new vehicle registrations SIMI Brian Cooke Director General said: “New car registrations in January are in line with last year. Sales are still 22 per cent behind pre-pandemic levels (2019), largely due to supply chain issues arising from various lock-downs.

“With retailers reporting strong order banks and with expected improvements in supply as the year progresses, this should lead to both an improving new car market and a more even spread of sales in 2022. Also the trade-ins against January new car sales will have increased supply of used car stock, which means greater variety and volume for interested used car buyers in the weeks ahead.”

He added: “On a positive note, electric cars accounted for 11 per cent of the new car market, an increase of 178 per cent on last year. The 2,714 new Electric Vehicles (EVs) on the road in January equate to EV sales for the whole of Quarter one last year. The increasing appetite for electric, plug-in hybrid vehicles (PHEVs) and hybrid vehicles has seen cars with battery technology accounting for over 46 per cent of new car sales during the month. It is anticipated that the strong growth in EV sales will continue for the rest of 2022.”

Cooke concluded: ”In this environment it is essential that Government supports the expansion of a national charging infrastructure to keep pace with this demand for EVs. In addition, the grant and taxation incentives must be extended if we are to secure a greater supply of EVs for Ireland and to encourage more consumers to choose low and zero-emitting vehicles.”