Used Vehicle Market Report 2014

PRESS RELEASE

Cartell reports today (July 9) on the results of an extensive used vehicle market analysis. Cartell considered the Irish Car Parc as a whole as well as used vehicle sales for the first 4 months of the year i.e 1st January to 30th April 2014 (“T1 2014”) and used vehicle sales for 1st January to 30th April 2013 (“T1 2013”).

The feature findings in the report are as follows:

• Toyota, Ford and Volkswagen are the three most popular brands in the Irish Car Parc in 2014 when all vehicle types, private and commercial, are considered;

• Ford is the most popular brand in the used vehicle market for the first 4 months of 2014. Volkswagen and Toyota are the second and third most popular brand for that period;

• Used Vehicle Sales for the period are up in every county in Ireland compared to the same period last year;

• The highest rises in used vehicle sales were recorded in Galway, Wicklow, Offaly, Monaghan, Cavan and Clare

• Dublin recorded the highest number of used vehicle transactions for the period with 110,603;

• Used Market returning to usual 3 or 4 year sales cycle.

1.1 Manufacturer share of Irish Car Parc

Cartell considered all vehicles in the Irish Car Parc to establish which are the main vehicle manufacturers by unit share in Ireland. Cartell considered all vehicle types, commercial and private, and found that Toyota holds the top position overall, with Ford and Volkswagen in second and third spot respectively. The full breakdown is here:

Chart 1 – Number of Vehicles in Irish fleet (All vehicle types, all tax classes) by manufacturer

chart 1 final 2

1.2 Manufacturer Share of the Used Market T1 2014

Next Cartell established which are the top 12 manufacturers by unit share in the used vehicle market in the Irish fleet for T1 2014. Cartell compared the T1 2014 position to T1 2013. Cartell found that Ford is the most popular manufacturer in the Used Vehicle Market in 2014 followed by Volkswagen and Toyota. All manufacturers showed an increase year-over-year as the used vehicle market records more transactions in 2014.

(Note: Used Vehicle Transactions are all those transactions which result in a vehicle sale be it dealer-to-dealer, or, dealer to private, or, private to private, and include all vehicle types and tax classes.)

The results can be seen in the following chart:

 Chart 2 – Number of Vehicles in Irish fleet (All vehicle types, all tax classes) by manufacturer T1 2014

chart-2

1.3 County by County Analysis

Cartell looked at total number of transactions in the used vehicle market by county for T1 2014 and compared this to the comparable period for T1 2013. The results show the market has picked up across every county in Ireland.

Analysing the results, John Byrne, Cartell.ie, says:

The market has picked up considerably in 2014 compared to the same period in 2013. Every county in Ireland has recorded more used vehicle transactions this year. In particular transactions have been strong in Galway where unit transactions have increased from 14,157 to 17,440 representing a very healthy 23 per cent growth year-over-year.”

The following chart shows used vehicle sales for T1 2014 and T1 2013:

Chart 3 –T1 sales per county 2014 vs 2013

chart-3

The following chart shows the percentage increase for each county.

Chart 4 – Percentage increase in T1 sales per county 2014 vs 2013

chart-4

1.4 Analysis of Used Transactions by Registration Year

Finally Cartell considered which registration years were the subject of the transactions in T1 2014 and compared the findings to the same data from T1 2013. The results show the used vehicle market shows signs of normalisation. John Byrne, Cartell.ie, says:

In a normalised market we would expect to see an even spread of transactions across most of the registration years as motorists return to normal 3 or 4 year sales cycles. This was more in evidence in the first four months of 2014 than the same period in 2013. Combined with the significant increase in used vehicle transactions in the market year-over-year we are clearly seeing signs of a return to what we would consider a normalised used market.”

Chart 5 – Used Market Transactions T1 2014 by Registration Year

chart-5

Chart 6 – Used Market Transactions T1 2013 by Registration Year

chart-6

ENDS

For further information please contact John Byrne (Cartell.ie) on + 087 4199018 chart 2or email john@cartell dot ie or check out www.cartell.ie for further information

NOTES TO EDITORS

Table 1 – Number of Vehicles in Irish fleet (All vehicle types, all tax classes) by manufacturer – breakdown

Manufacturer Units
TOYOTA 385539
FORD 367692
VOLKSWAGEN 327924
NISSAN 204561
OPEL 167668
RENAULT 147895
PEUGEOT 120119
BMW 102196
MERCEDES BENZ 94871
AUDI 90803
HYUNDAI 82765
HONDA 78558

 

Table 2 – Number of Vehicles in Irish fleet (All vehicle types, all tax classes) by manufacturer T1 2014 – Breakdown

Manufacturer Units 2013 Units 2014
FORD 36465 43334
VOLKSWAGEN 35796 42580
TOYOTA 34937 40028
NISSAN 21991 25756
OPEL 18902 21583
RENAULT 16425 19812
PEUGEOT 14656 16996
BMW 14172 17814
AUDI 11076 14102
MERCEDES BENZ 9140 11297
HONDA 8940 10715
CITROEN 8564 10027

 

Table 3 –T1 sales per county 2014 vs 2013 – Breakdown

Location-County 2013 2014 % increase
DUBLIN 93469 110603 18.3
CORK 37109 43046 15.99
GALWAY 14157 17440 23.19
LIMERICK 13224 15358 16.14
KILDARE 11578 13676 18.12
TIPPERARY 11334 13654 20.47
DONEGAL 11581 13518 16.73
LOUTH 11175 13411 20
WEXFORD 8812 10372 17.7
MEATH 8444 10155 20.26
WATERFORD 8277 9881 19.37
MAYO 7782 9318 19.73
KERRY 7743 9127 17.87
WESTMEATH 7694 9117 18.49
CLARE 6514 8083 24
WICKLOW 6122 7561 23.5
KILKENNY 5969 7328 22.77
CARLOW 5876 6779 15.37
LAOIS 5421 6421 19.5
OFFALY 4605 5754 24.95
MONAGHAN 3928 4892 24.54
CAVAN 3772 4835 28.18
SLIGO 3841 4444 15.7
ROSCOMMON 3357 4020 19.75
LONGFORD 3254 3850 18.31
LEITRIM 2372 2872 21

 

Table 4 – Used Market Transactions T1 2014 by Registration Year – Breakdown

Registration Year Number
2014 5709
2013 13654
2012 16513
2011 21542
2010 22644
2009 12997
2008 26629
2007 26436
2006 26971
2005 26827
2004 26362
2003 25200
2002 25471
2001 23242
2000 23673
1999 14817
1998 8788
1997 5495
1996 3431
1995 1987
1994 1367
1993 959
1992 745
1991 699
1990 589

 

Table 5 – Used Market Transactions T1 2013 by Registration Year – Breakdown

Registration Year Units
2013 4051
2012 12753
2011 13579
2010 17480
2009 14692
2008 22626
2007 23191
2006 21695
2005 22809
2004 20650
2003 21788
2002 22331
2001 22100
2000 23242
1999 15917
1998 9689
1997 6193
1996 4037
1995 2348
1994 1456
1993 952
1992 712
1991 597
1990 527

 

 

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