Age of Fleet Levels-Off as Car Industry in Recovery

PRESS RELEASE

Vehicle history expert CARTELL.IE report today (January 28th) that the age of the private fleet in Ireland has levelled off significantly for the first time in over 10 years. The age of the private fleet now stands at 8.83 years.

Cartell.ie tracked the average age of a private vehicle in Ireland in January of every year between 2000 and 2015. The difference between the age of the fleet in January 2014 and January 2015 (11 days) is the lowest increase recorded since 2001 and is a clear indicator that the age of the private fleet in Ireland may have levelled off. To put perspective on the figure of 11 days it should be noted that, as recently as January 2011, the age of fleet recorded a 168-day-increase year-on-year.

The news that the age of fleet has levelled off is a further sign that the vehicle industry is returning to normality. The result may have been sparked by a combination of events: new car sales are advancing after years of lost ground; and owners of older vehicles in the fleet may have held them for as long as possible before now up-cycling.

Jeff Aherne, Director, Cartell.ie, says:

These results are interesting. We’ve seen an aging private fleet year-upon-year since the record year for new car sales in 2000 when credit was widely available in the market and the economy was in good shape. Now, for the first time since that period, we are witnessing a levelling off. There comes a natural point when the age of the fleet must level off, as motor vehicle’s cannot last forever, and, increased new car sales, combined with up-cycling of vehicles in the used market, may have brought us to that point.”

The age of the whole Irish fleet, not simply private vehicle’s, now stands at 9.39 years.

Graph: Age of Private Fleet in Ireland 2000 to 2015

Untitled

ENDS

 

About Cartell.ie

Cartell.ie was set up in 2006 to help buyers make an informed choice when buying a used vehicle – including imported vehicles – by providing a user-friendly and cost-effective vehicle data checking service. Cartell.ie is a totally independent company and fully Irish owned.

For further information please contact John Byrne on 087 4199018 or at john at cartell.ie or check out www.cartell.ie  for further information.

Notes for Editors:

Date Years
2000-01-01 5.71
2001-01-01 5.17
2002-01-01 5.22
2003-01-01 5.41
2004-01-01 5.64
2005-01-01 5.88
2006-01-01 6.09
2007-01-01 6.31
2008-01-01 6.5
2009-01-01 6.77
2010-01-01 7.23
2011-01-01 7.69
2012-01-01 8.04
2013-01-01 8.43
2014-01-01 8.8
2015-01-01 8.83

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