Large number of diesel cars being imported to Ireland according to CarTell

Large Number Of Diesels Being Imported

Large number of diesel cars being imported to Ireland according to CarTell
According to Cartell, the majority of cars imported to Ireland are diesel

Cartell.ie has tracked the profile of vehicles being imported into Ireland in 2018 and reports that Irish buyers are importing diesel vehicles in significant numbers.

Between January 1st 2018 and September 30th 2018, 76% of cars imported into Ireland were diesel accounting for 74,042 cars.

There has also been a significant jump in the numbers of hybrid and electric vehicles being imported. Imports of petrol electric hybrids grew by 193%, while imports of electric vehicles were up 148% over the past 12 months.

Year of Sale/Fuel TypeDIESELPETROLPETROL/ELECTRICELECTRICPETROL/

PLUG-IN HYBRID ELECTRIC

201874042172073502529803
201771483161811810357130

Table 1: 2018 and 2017 (Jan to Sep) Imports by Fuel Type (All vehicles) (Source: Cartell Carstat)

The most popular imported vehicles are from Ford, followed by Volkswagen, Audi, Toyota, BMW, Hyundai and Mercedes-Benz.

Year of Sale/ManufacturerFORDVWAUDITOYOTABMWHYUNDAIMERCEDES BENZ
2018119901058366626578620254065254

Table 2: 2018 (Jan to Sep) Imports by Manufacturer (All vehicles) (Source: Cartell Carstat)

The most popular model imported year-to-date is the Volkswagen Golf ahead of the Ford Focus.

Year of Sale/ModelGOLFFOCUSQASHQAIPASSAT
20184356412424592409

Table 3: 2018 (Jan to Sep) Imports by Model (Source: Cartell Carstat)

In 2018, the most popular year of import is a 4 year-old-vehicle (2014) and a three-year-old vehicle (2015). The most popular vehicle segment for imports is the C segment followed by the D segment – the same as for 2017.

Speaking about the data on imports to Ireland, John Byrne, General Counsel at Cartell.ie, said: "This snapshot of the Irish market shows the Irish buyer is especially keen to import a diesel vehicle, usually a three or four-year-old and often a Focus, Golf, or Qashqai – models which have been consistently popular in the domestic market. The jump in the numbers of Electric Vehicles and Plug-In Hybrid Electric Vehicles being imported shows that buyers of those types of vehicles can see the value of importing and also points to a growth in the market for those vehicle types. Overall we would see imports remaining strong until at least the due date for Brexit in March 2019."


According to Cartell we are spending more on new cars in Ireland than ever before

Average Value Of New Car In Ireland Over €30,000

According to Cartell we are spending more on new cars in Ireland than ever before
According to Cartell we are spending more on new cars in Ireland than ever before

According to Cartell.ie, the buyer of a new car in Ireland is now purchasing a vehicle worth more than €30,000 on average.

Cartell calculated the total value of new vehicles purchased in Ireland between the years 2006 and 2018 based on the recommended Open Market Selling Price (OMSP) for each vehicle. The total value for each year was divided by the number of new vehicles sold that year to establish the average value per buyer.

Over the years, the average value of a new vehicle purchased in Ireland has fluctuated with the fortunes of the economy. In 2007 at the height of the boom the average value of a vehicle purchased was €28,106. This figure dropped to €24,758 in 2011 and has since increased steadily every year as the economy has improved. In 2016 the average value of a new vehicle was already back to boom time levels at €28,385, while in 2017 the value was up 4% to €29,481.

For the first 6 months of 2018 the average value has hit €30,130. This shows the average Irish buyer is now buying a vehicle worth €30,000 for the first time since Cartell started recording these statistics.

Why has the average value been increasing?

Cartell has considered several possible reasons for the increase in the average value of a private vehicle purchased in Ireland over the last few years.

  • Consumers may be opting for more expensive vehicles, or more expensive vehicle types like SUVs and Crossover vehicles, or MPV
  • Buyer has more cash to spend or more available lines of credit. Financial products such as Personal Contract Plans (PCPs) came to prominence in Ireland during the recession as manufacturers sought a means to provide direct lines of credit to potential buyers
  • Buyers may want larger cars. The country had a recorded population of 4.23 million in Census 2006 which increased to 4.76 million in Census 2016. This increase may have weighed on buyer decisions, for instance, buyers with younger children may need additional space
  • Vehicles are more expensive to manufacture, to comply with NCAP safety ratings, for example, this increases the cost of manufacture: the consumer now often expects certain higher specification items as standard too – larger wheels, alloys, on-board technology, Advanced Driver Assistance Systems (ADAS) features – which all increase the manufacture cost
  • Increased consumer demand for hybrid vehicles (where technology is more expensive to implement) could be making an impact, along with changes in buyer habits to more environmentally friendly vehicles, and guided generally by the move to city-clean air policies.
  • Vehicles in the current generation often weigh more than for previous generations to accommodate additional safety systems

John Byrne, Legal and Public Relations Manager, Cartell.ie said:

“The buyer of a new vehicle is getting more features than ever before, more technology, more safety, for example. The buyer has also shown an appetite for other features which manufacturers are increasingly rolling out as standard such as alloy wheels and electric windows. Combined, these features increase manufacturing costs and push average values upwards. The buyer may also be opting for more expensive cars owing to more readily available lines of credit or simply because buyers are keen to buy a larger car when fuel economy and motor taxation figures have dropped so significantly across the board.

Buyers have different buying habits: some will enter the market with an open mind and opt for the best available deal within their budget; while others will be keen to opt for the same manufacturer or the same model.

Remember this study is considering average values of new private vehicles based on the Open Market Selling Price: we are not looking at the price actually paid by the buyer: the actual deals struck between the buyer and the seller will vary widely to account for discounts, sales events, and trade-in values for example.”