Hybrids or electric cars continue to see year-on-year increases as Irish consumers are increasingly concerned with maximising fuel efficiency and minimising car running costs.
Albany, NY -- (SBWIRE) -- 04/27/2018 -- A new research report titled, "Automotive Retailing - Ireland - APRIL 2018" has been added to the research repository of Market Research Hub (MRH). The research study offers in-depth analysis and insights on the key developments that are impacting the Ireland automotive retailing landscape. A holistic overview and analysis is offered to readers on the basis of historical trends and recent developments.
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The business intelligence study offers figures and statistics on the total number of new car registrations in Northern Ireland and Republic of Ireland. The key market factors impacting the automotive retailing landscape have been discussed in detail in the report. According to the research study, fuel prices are witnessing an increase on account of improvements in crude oil. The report opines that dealerships continue to be the key channel for car financing around the globe, whereas personal finances of automotive retailers are likely to be stable during the assessment period.
In a bid to offer detailed analysis on the Northern Ireland and Republic of Ireland automotive retailing landscape, the business intelligence study compares the car ownership in 2016 and 2018. The research study also sheds light on the key factors that are influencing the decision of consumers to not opt for a car. According to the research study, petrol and diesel continue to be the preferred choices for consumers looking to make a purchase in the future.
According to the research study, use of smartphone while driving continues to be a key worry for a majority of consumers in Ireland. Further, consumers have an optimistic attitude about their own personal finances, whereas the outlook was not so upbeat about Irish economy. The consumer sentiment is also witnessing a shift due to fluctuations in the values of crude oil.
According to the business intelligence study, the registration of new cars is likely to witness a five-year low in the year 2018. A significant increase in the number of electric/hybrid cars has been witnessed in Ireland. An estimate on new car registrations on the basis of engine type is also carried out in the study. According to the report, Volkswagen continues to be a top seller in RoI for the year 2017, whereas Ford continues to make inroads into the market.
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The report also offers analysis and insights on the vehicle excise duty rates for April 2017, whereas information and analysis for new road tax bands introduced for the United Kingdom and Northern Ireland are also discussed in the study. The business intelligence study also includes a detailed analysis on the key factors that are influencing consumers to take out the most recent loan. A key difference in the perception between RoI and NI consumers is that the latter are pessimistic about the economy, whereas the former are optimistic about the economy.
Overall, the research study is a holistic source of information and analysis on the automotive retailing landscape in Ireland. An analysis on the key factors driving the growth of this market has been discussed in detail in the research study.
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