2016 in Motoring

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.
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