Vehicle history expert CARTELL.IE reports today (August 10th) that the age of the fleet in Ireland continues to rise while the size of the fleet appears to have levelled off.
Cartell.ie tracked the average age of a private vehicle in Ireland in January of every year between 2000 and 2016. Between January 2015 and January 2016 the fleet age has risen by 40 days. This is despite the fact that the age of the fleet had slowed markedly last year – recording just an 11 day rise between January 2014 and January 2015.
While more new cars have been sold this year than last year there is no indication it is yet impacting on the overall age of the fleet. In July 2016 the age of the fleet stood at 8.85 years which is actually older than the comparable level from 2014 (8.69 years) and significantly older than the age of the fleet in July 2012 (8.13 years). Year-over year the age of the fleet in July 2016 is marginally lower than July 2015 (8.86 years).
Graph 1: Size and Age of Private Fleet since 1999 (Source: Carstat Cartell.ie)
While the age of the fleet continues to creep upwards the size of the fleet shows signs of levelling off. Currently at 2.23 million vehicles the private fleet size in July 2016 is the same as the size of the fleet 12 months ago.
John Byrne, Legal & Public Relations Manager, Cartell.ie, says:
The age of the fleet is continuing to creep upwards based on this analysis. The age fluctuates throughout the year as cars enter and leave the fleet but analysing the age in January of every year since 2000 shows our cars are still getting older. Interestingly, the size of the private fleet is levelling off. This indicates market potential for manufacturers to sell more new vehicles as vehicle owners, solely based on this analysis, are still more inclined to retain an older vehicle than buy a newer model.”
Notes for Editors: