Gross sales of latest vehicles in Northern Eire for the primary 4 months of 2022 are practically 11% larger than the identical interval final yr, in keeping with a report.
amily automotive the Hyundai Tucson has been Northern Eire’s hottest new automotive to date this yr, with 406 offered.
The Society of Motor Producers and Merchants (SMMT) stated 14,272 new vehicles had been pushed away from forecourts in Northern Eire, between January and April, up from 12,894 over the identical interval final yr.
The Ford Kuga, Renault Captur, Hyundai Kona and Volkswagen Golf full the highest 5 vehicles over the yr up to now.
However throughout April itself, simply 3,212 new vehicles had been offered, which was a 2.5% fall on the three,295 which discovered new homeowners in April 2021.
Ulster Financial institution chief economist Richard Ramsey stated the drop meant April was the worst month for automotive gross sales for the reason that SMMT started gathering information — apart from April 2020, when lockdown was in pressure.
Nevertheless, Northern Eire’s 2.5% fall was the bottom of UK nations as there had been a fall in gross sales in April of 12.6% in Wales and 13.9% in Scotland. England skilled the steepest drop, at 16.4% over April.
Northern Eire additionally had the strongest year-on-year improve at 11%, with gross sales in England falling by 7% in comparison with April 2021.
Nevertheless, gross sales in Scotland climbed by 3.46% yr on yr, whereas in Wales, they elevated by 6.8%.
The SMMT additionally downgraded its forecast for the full variety of vehicles it expects to promote this yr UK-wide by 9% to 1.72m.
That is down from the forecast of 1.89m issued in January.
SMMT chief government Mike Hawes stated international elements had been affecting automotive gross sales.
“The worldwide semiconductor scarcity continues to tug down the market, with international geopolitical points threatening to undermine each provide and demand within the coming months.
“Producers are doing every thing they’ll to ship the most recent low and nil emission autos, and people contemplating buy ought to look to put their orders now to profit from incentives, low rates of interest and diminished operating prices.”
Jim Holder, editorial director of journal and web site What Automobile?, stated the most recent month-to-month figures present the automotive trade is “in an more and more precarious place”.
It has invested billions of kilos in growing new autos — together with a raft of electrified fashions — however output is being “strangled by world occasions” akin to a semiconductor scarcity and the battle in Ukraine, he defined.