Number of used cars licensed has fallen by half since July 2019
Meanwhile, 1,409 plug-in hybrid electric cars were licensed in the month of July, bringing the total for the year so far to 7,339, a 23 per cent increase on the same period last year.
The figures “show the continued growth in the number of electric and plug-in hybrid vehicles licensed in Ireland”, said Dr Nele van der Wielen, statistician in the transport section of the CSO. Dr van der Wielen said there has also been a corresponding decrease in the number of diesel cars registered in the State,Overall, 22,541 new and 6,104 used vehicles were licensed for the first time in the State last month, a jump of 22 per cent and 9 per cent respectively on July 2023. New vehicle registrations over the first seven months were 19 per cent ahead of the same period last year and 6 per cent ahead of last year.
However, while the number of new car registrations has recovered to near pre-Covid levels, used car licences have fallen by more than one half from 9,203 in July 2019 to just 4,348 last month. Amid a shortage of used cars being imported into the market, due to factors including Brexit and Covid-related trade disruption, car prices increased by a sizeable 77.5 per cent from the start of the pandemic to the end of March this year, according to data published by Done Deal in April.
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