2016 in Motoring
Posted on 31st - March - 2017
At a glance – what drove the motor industry in 2016?
- 2016 was a year of growth for the motor industry – and the year-on-year growth has given the industry the opportunity to return to profitability, with a view to future growth.
- The new car market was up by 17.5% year-on-year.
- Used car imports increased by 51%.
- Light commercial vehicle registrations increased by 18.5%.
- Heavy goods vehicles increased by 31.3%.
- There was a 14% year-on-year increase on combined new and used car sales.
- Leading brands for 2016 were Toyota (10.6%), Hyundai (10.5%), Volkswagen (10.5%), Ford (10%) and Nissan (8.1%).
- With PCPs helping some consumers overcome the funding barrier, there has been a change in the purchasing behaviour of many.
- In 2016, VAT and VRT receipts for new and used cars totaled 1.5 billion Euros, 26.8% up on 2016.
- There has been improved business sentiment and increased employment in the Fleet Management Business.
- The hire drive market has shown modest growth: new registrations have increased year-on-year by 4.27 % to 18.7k.
- Retailer used car sales have increased by 9% year-on-year to 270k.
