The DoneDeal Motor Industry Review€¦ · Diesel car engines make up over 60% of all used car...
Transcript of The DoneDeal Motor Industry Review€¦ · Diesel car engines make up over 60% of all used car...
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An analysis of trends in the Irish car sales market for 2018
The DoneDealMotor Industry Review
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Diesel dips to lowest market share in a decade.
2018 was the year that Petrol made its comeback. Following years of decreased interest, higher fuel tax and public preference for Diesel, Petrol made considerable gains over the last twelve months.
Year-on-year, new Petrol car sales grew by close to
20% to a total of 48,309 units or 38% of the entire
market. Diesel sales, which in 2012 accounted for
74% of the new car market are now responsible for
just 54%.
For every hundred new cars rolling off the nation’s
forecourts, seven are either Electric or Hybrid
vehicles, an all-time high for the new engine
technology.
Petrol’s resurgence is becoming increasingly evident,
mostly at Diesel’s expense. For instance, Petrol’s 2018
new car sales market share is its largest since 2008
when Petrol sales were responsible for 41% of the
market. The total Petrol car units sold in 2018 is also
the largest volume of Petrol car sales in Ireland since
2008, after which, new motor taxation combined with
the 8 cent petrol excise duty saw preference switch
decidedly to Diesel.
In the used car market, Volkswagen continues to lead
the way as the most popular car make with a total of
87,992 Volkswagen’s changing hands during 2018.
Toyota (73,834) and Ford (71,882) were next best
with Nissan and Audi rounding out the top five.
During 2018, over 75,000 used Diesel’s were
imported to Ireland – that’s a 99% increase on the
figure from 2015. Of the total volume of imported
cars, Diesel now makes up 85% of the market with
petrol a distant second at 14% and Hybrid/Electric at
just 1%.
On the other side of the scale, Hybrid car ads sky-
rocketed 88% year-on-year. Electric listings rose by
18% during the same period while just over 2 million
Electric car searches took place on DoneDeal in 2018,
compared to 975,000 for the same period last year –
a rise of 110%.
As part of this report, we also conducted depreciation
analysis on used cars to identify, which retained their
value the most from when they were new in 2015.
The Skoda Octavia emerged on top for the second
time running, with an average depreciation of 22%
since 2015. Next best was the Volkswagen Golf (27%),
followed by the Ford Focus (36%).
Of the 70 million+ car searches that took place
on DoneDeal in 2018 a clear trend is emerging.
As mentioned, Electric car searches are up 110%
The Motor Industry Review for 2018 | 2
Petrol’s High-Octane Year
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Market SurveyAs part of this report, DoneDeal surveyd over 1,000 motor market participants, asking them about their sense of the market as a whole and their own intentions. Below are some of the headline results.
Cash is King
Nearly half of all respondents indicated they would pay with cash when purchasing their next car, while 1 in 3 will now opt for a bank or credit union loan.
The Motor Industry Review for 2018 | 4
year-on-year, Hybrid searches have grown by 83%
while Diesel searches are down 14% in the same
period. This decline is a reflection in consumer search
behaviour, but what must be pointed out is that Diesel
is still the most searched for engine type, albeit with
a steady incremental decline in year-on-year searches
and new car sales. The dip in Diesel is becoming
clearly evident while Petrol’s popularity has grown to a
decade long high.
3 | The Motor Industry Review for 2018
Diesel Dominates
More than half of people surveyed favour purchasing a diesel engine, however, this is a 10% decrease when compared with our June 2018 survey.
Trade-in
Nearly 6 out of 10 of respondents said they will trade-in their car when purchasing their next vehicle, while 1 in 3 will opt to privately sell their old vehicle.
50%
Pay withcash
40%
30%
20%
10%
PCPFinance
When purchasing a new car, what finance will you use?
60%
45%
35%
25%
15%
5%
55%
50%
40%
30%
20%
10%
What type of engine are you most interested in buying?
60%
45%
35%
25%
15%
5%
55%
50%
40%
30%
20%
10%
When purchasing your next car, will you?
60%
45%
35%
25%
15%
5%
55%
Hire Purchase
Friend/Family Loan
41.5%
13.0%
9.2%
2.7%
Petrol Diesel Electric Hybrid
22.6%
52.1%
6.1%
19.2%
Trade-in your old vehicle
Privately Sellyour old vehicle
59.8%
20.9%
Not Applicable
19.3%
Bank/CreditUnion Loan
33.5%
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Car Registra�onsby County
Top 10 ManufacturersNumber of new car registra�ons in 2018 by make
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Volkswagen
Toyota
Hyundai
Ford
Nissan
Skoda
Kia
Renault
Peugeot
Audi
RANK MAKE 2018 UNITS MKT SHARE
13,775
12,037
11,633
11,288
9,701
9,116
7,326
7,176
5,596
4,919
10.97
9.59
9.27
8.99
7.73
7.26
5.83
5.72
4.46
3.92
YR CHANGE
-0.4%
-5.1%
-2.4%
-7.8%
-6.3%
1.0%
2.72%
-13.8%
43.89%
-11.27%
Units registered and Y-o-Y(%) difference 2018
ource: SIMI
MN995
-5.42%
CN1,251
-15.81%
WH1,786-5.4
LD599
-6.55%
LH2,7960.79%
MH3,707-4.95%
KE5,3010.44%
WW2,723-1.63%
WX3,1743.42%
CW1,5460.32%
KK2,340-2.78%
LS1,508-1.24%
OY1,540-1.09%
G4,759
-3.31%
MO2,168
-4.79%
SO1,085-5.41%
DL2,599
-11.69%
RN1,050
-12.57%
LM484
-12.16%
CE2,667-2.27%
T3,325-6.6%
L4,311
-4.05%
C15,223-7.85%
KY2,660-5.67%
W3,289-4.5%
D52,671-3.95%
Car Registrations by CountyEvery county with the exceptions of Carlow, Kildare, Louth and Wexford have experienced negative growth in new car registrations so far this year.
The Motor Industry Review for 2018 | 65 | The Motor Industry Review for 2018
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ŠkodaOctavia
VolkswagenGolf
FordFocus
AudiA4
BMW5 Series
Avg Price 2018€13,589
Avg Depreciation-22%
Avg Price 2018€14,497
Avg Depreciation-27%
Avg Price 2018€12,740
Avg Depreciation-36%
Avg Price 2018€16,776
Avg Depreciation-52%
Avg Price 2018€23,213
Avg Depreciation-53%
Of the most searched cars in 2018 - which retained their value the best from when they were new in 2015?
Number of second hand Electric car listings by make
Number of second hand Hybrid car listings by make
Nissan
Renault
BMW
Hyundai
Tesla
486
107
39
42
15
580
112
58
26
22
€11,467
€17,064
€23,866
€24,440
€67,793
€13,762
€12,094
€25,371
€26,371
€62,657
Avg List PriceNo. of listings
MAKE 2017 2018 2017 2018
Toyota
Lexus
Honda
Mitsubishi
Mercedes
2,147
1,002
761
69
157
4,735
1,242
1,158
409
251
€15,047
€22,477
€7,725
€27,730
€27,268
€17,500
€21,815
€7,045
€20,337
€26,714
Avg List PriceNo. of listings
MAKE 2017 2018 2017 2018
Diesel car engines make up over 60% of all used car listings on DoneDeal. Hybrid listings howev-er have risen from a 0.4% market share in 2017
to nearly 1.5% in 2018.
No. ofListings
Avg listPriceDIESEL
ELECTRIC
HYBRID
PETROL
626,660 €15,414+14% YOY
No. ofListings
Avg listPrice977
€17,825+19% YOY
No. ofListings
Avg listPrice
9,211 €17,817+12% YOY
No. ofListings
Avg listPrice
230,311 €8,109+39% YOY
Number of second hand car listings by fuel type
-3.6%Variance
*Source NVF Data 2017 vs 2018
2018
640,3262017
664,253
Year-on-Year % change in searches by Fuel Type (2017 vs 2018)
-13.92%Diesel
109.98%Electric
83.32%Hybrid
1.44%Petrol
“*Soucre: SIMI
75,425 used Diesel’s were importedinto Ireland during 2018 – a 99%
increase on 2015
Car Fuel Types 2018
% of searcheson DoneDeal
NewCars
ImportedCars
55%Diesel
44%Petrol
1%Electric/Hybrid
71%Diesel
22%Petrol
7%Electric/Hybrid
85%Diesel
14%Petrol
1%Electric/Hybrid
7 | The Motor Industry Review for 2018
Value retention of used vehicles
The Motor Industry Review for 2018 | 8
Used car transfers
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DoneDeal Snapshot of Irish Motor Landscape Year-on-year market share and annual change (%) 2018
The Motor Industry Review for 2018 | 109 | The Motor Industry Review for 2018
MAKE H1 2017 H2 2017 2017 H1 2018 H2 2018 2018 % CHANGE
1 Volkswagen 47,986 42,666 90,652 46,742 41,250 87,992 -3%
2 Toyota 41,022 35,605 76,627 39,692 34,142 73,834 -4%
3 Ford 40,120 34,520 74,640 38,251 33,631 71,882 -4%
4 Nissan 23,902 19,705 43,607 22,408 18,530 40,938 -6%
5 Audi 20,141 17,910 38,051 19,912 17,802 37,714 -1%
6 BMW 19,850 17,315 37,165 18,908 17,263 36,171 -3%
7 Opel 20,387 16,813 37,200 18,225 15,560 33,785 -9%
8 Renault 17,013 14,076 31,089 15,376 13,224 28,600 -8%
9 Hyundai 13,768 12,045 25,813 14,905 12,902 27,807 8%
10 Peugeot 15,866 13,405 29,271 13,616 11,740 25,356 -13%
11 Skoda 10,560 9,090 19,650 11,200 10,017 21,217 8%
12 Mercedes-benz 10,918 8,978 19,896 10,307 9,054 19,361 -3%
13 Honda 8,721 7,604 16,325 8,092 6,933 15,025 -8%
14 Kia 6,157 5,460 11,617 7,027 6,237 13,264 14%
15 Vauxhall 6,552 6,244 12,796 6,422 5,898 12,320 -4%
16 Mazda 6,898 5,713 12,611 6,339 5,593 11,932 -5%
17 Citroen 6,536 5,869 12,405 6,285 5,478 11,763 -5%
18 Seat 6,567 5,531 12,098 6,182 5,415 11,597 -4%
19 Volvo 4,832 4,566 9,398 4,981 4,510 9,491 1%
20 Fiat 4,860 4,061 8,921 3,971 3,444 7,415 -17%
21 Suzuki 3,702 3,415 7,117 3,785 3,521 7,306 3%
22 Mitsubishi 3,281 2,656 5,937 2,880 2,590 5,470 -8%
23 Mini 2,546 2,423 4,969 2,641 2,564 5,205 5%
24 Lexus 2,583 2,332 4,915 2,756 2,321 5,077 3%
25 Landrover 1,563 1,432 2,995 1,594 1,376 2,970 -1%
26 Saab 1,860 1,615 3,475 1,558 1,353 2,911 -16%
27 Dacia 1,160 971 2,131 1,501 1,343 2,844 33%
28 Chevrolet 1,194 1,017 2,211 1,128 998 2,126 -4%
29 Jaguar 921 857 1,778 975 899 1,874 5%
30 Subaru 946 927 1,873 862 775 1,637 -13%
TOP
30 U
SED
CA
R
MAKE MODEL 2017 UNITS % SHARE 2018 UNITS % SHARE % CHANGE
1 Hyundai Tucson 4,892 3.7% 4,026 3.2% -17.7%
2 Nissan Qashqai 4,196 3.2% 4,004 3.2% -4.58%
3 Ford Focus 3,850 2.9% 3,777 3.0% -1.9%
4 Volkswagen Golf 4,321 3.3% 3,760 3.0% -12.98%
5 Skoda Octavia 3,980 3.0% 3,357 2.7% -15.65%
6 Kia Sportage 3,066 2.3% 2,875 2.3% -6.23%
7 Volkswagen Tiguan 2,480 1.9% 2,875 2.3% 15.93%
8 Toyota Yaris 2,881 2.2% 2,855 2.3% -0.9%
9 Ford Fiesta 3,217 2.5% 2,724 2.2% -15.32%
10 Toyota C-Hr 1,966 1.5% 2,505 2.0% 27.42%
11 Volkswagen Polo 2,037 1.55% 2,268 1.81% 11.34%
12 Nissan Micra 1,671 1.27% 2,186 1.74% 30.82%
13 Peugeot 3008 1,124 0.86% 2,142 1.71% 90.57%
14 Toyota Auris 1,885 1.44% 2,122 1.69% 12.57%
15 Toyota Corolla 2,790 2.12% 1,988 1.58% -28.75%
TOP
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EGIS
TRAT
ION
STO
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USE
D IM
PORT
S
MAKE MODEL 2017 UNITS % SHARE 2018 UNITS % SHARE % CHANGE
1 Volkswagen Golf 5,837 6.25% 5,712 5.67 -2.14%
2 Ford Focus 6,282 6.72% 5,474 5.43 -12.86%
3 Bmw 5 Series 2,433 2.6% 3,308 3.28 35.96%
4 Nissan Qashqai 2,920 3.12% 3,252 3.23 11.37%
5 Volkswagen Passat Saloon 2,948 3.15% 2,809 2.79 -4.72%
6 Audi A4 2,907 3.11% 2,792 2.77 -3.96%
7 Mercedes-Benz E Class 2,047 2.19% 2,560 2.54 25.06%
8 Hyundai I30 2,373 2.54% 2,528 2.51 6.53%
9 Audi A6 2,258 2.42% 2,283 2.27 1.11%
10 BMW 3 Series 1,797 1.92% 2,230 2.21 24.1%
11 Mercedes-Benz C Class 1,508 1.61% 2,155 2.14 42.9%
12 Ford Fiesta 1,952 2.09% 1,958 1.94 0.31%
13 Toyota Auris 1,766 1.89% 1,718 1.71 -2.72%
14 Skoda Octavia 1,379 1.48% 1,628 1.62 18.06%
15 Opel Insignia 1,980 2.12% 1,592 1.58 -19.6%
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Leinster54% of all cars advertised in Leinsterwere in Dublin
11 | The Motor Industry Review for 2018
VW most popular make in LeinsterVolkswagen was the top selling car brand in Leinster
with an 11% market share. Hyundai (9.10%) and
Toyota (8.48%) closed out the top three spots.
Used Imports up 12%55,303 used imports were registered in Leinster in
2018, an 11.63% rise on 2017.
Louth2018 New Cars: 2,7962018 % Share: 3.51%Year-on-year change: 0.79%
Dublin2018 New Cars: 52,6712018 % Share: 66.09%Year-on-year change: -3.95%
Kildare2018 New Cars: 5,3012018 % Share: 6.65%Year-on-year change: 0.44%
Wicklow2018 New Cars: 2,7232018 % Share: 3.42%Year-on-year change: -1.63%
Wexford2018 New Cars: 3,1742018 % Share: 3.98%Year-on-year change: 3.42%
Longford2018 New Cars: 599
2018 % Share: 0.75%Year-on-year change: -6.55%
Westmeath2018 New Cars: 1,7862018 % Share: 2.24%
Year-on-year change: -5.4%
Offaly2018 New Cars: 1,5402018 % Share: 1.93%
Year-on-year change: -1.09%
Laois2018 New Cars: 1,5082018 % Share: 1.89%
Year-on-year change: -1.24%
Kilkenny2018 New Cars: 2,3402018 % Share: 2.94%
Year-on-year change: -2.78%
Carlow2018 New Cars: 1,546
2018 % Share: 1.94Year-on-year change: 0.32%
Meath2018 New Cars: 3,7072018 % Share: 4.65%
Year-on-year change: -4.95%
The Motor Industry Review for 2018 | 12
7% rise in LCV SalesAcross Leinster light commercial vehicle sales were
up by 6.66% in 2018 when compared to 2017.
HCV sales down 2.9%Overall sales of heavy commercial vehicles were
down 2.89% year-on-year across Leinster.
DIESEL ELECTRIC HYBRID PETROL
193,624LISTINGS
727LISTINGS
6,452LISTINGS
132,381LISTINGS
Ad lis�ngs by fuel type Leinster
Number of ad’s placed on DoneDeal.ie (Count) in 2018 H1 broken down by county
0
Number of ads posted on DoneDeal by county
Carlow
5K 10K 15K 20K 25K 30K 35K 40K 45K 50K 60K 70K 80K 90K 100K 120K 140K 160K 180K
Dublin
Kildare
Kilkenny
Laois
Longford
Louth
Meath
O�aly
Westmeath
Wexford
Wicklow
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Munster42% of all cars advertised in Munster were in Cork
13 | The Motor Industry Review for 2018
Ford most popular make in MunsterFord was the top selling car brand in Munster with a
12.19% market share. Toyota (10.64%) and Volkswagen
(10.08%) closed out the top three spots.
Used Imports up 7%22.873 used imports were registered in Munster in
2018, a 7.07% rise on 2017.
Tipperary2018 New Cars: 3,3252018 % Share: 10.56%Year-on-year change: -6.6%
Waterford2018 New Cars: 3,2892018 % Share: 10.45%Year-on-year change: -4.5%
Cork2018 New Cars: 15,2232018 % Share: 48.37%Year-on-year change: -7.85%
Clare2018 New Cars: 2,6672018 % Share: 8.47%
Year-on-year change: -2.27%
Limerick2018 New Cars: 4,3112018 % Share: 13.71%
Year-on-year change: -4.05%
Kerry2018 New Cars: 2,6602018 % Share: 8.45%
Year-on-year change: -5.67%
The Motor Industry Review for 2018 | 14
2% rise in LCV salesAcross Munster light commercial vehicle sales were up
by 2.06% in 2018 when compared to 2017.
HCV sales down 2% Overall sales of heavy commercial vehicles were down
2.02% year-on-year across Munster.
DIESEL ELECTRIC HYBRID PETROL
88,540LISTINGS
150LISTINGS
2,653LISTINGS
57,110LISTINGS
Ad lis�ngs by fuel type Munster
0
Number of ads posted on DoneDeal by county
Clare
5K 10K 15K 20K 25K 30K 35K 40K 45K 50K 55K 60K 65K
Limerick
Kerry
Tipperary
Cork
Waterford
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Connacht/Ulster30% of all cars advertised in Connacht/Ulster were in Galway
15 | The Motor Industry Review for 2018
Used Imports static22,579 used imports were registered in Connacht/
Ulster in 2018, a 0.13% rise on 2017.
Toyota most popular make in Connacht/UlsterToyota was the top selling car brand in Connacht/Ulster with
a 13.43% market share. Volkswagen (12.81%) and Hyundai
(9.69%) closed out the top three spots.
Leitrim2018 New Cars: 4842018 % Share: 3.36%Year-on-year change: -12.16%
Monaghan2018 New Cars: 9952018 % Share: 6.91%Year-on-year change: -5.41%
Cavan2018 New Cars: 1,2512018 % Share: 8.69%Year-on-year change: -15.81%
Roscommon2018 New Cars: 1,0502018 % Share: 7.3%Year-on-year change: -12.57%
Donegal2018 New Cars: 2,5992018 % Share: 18.06%
Year-on-year change: -11.69%
Sligo2018 New Cars: 1,0852018 % Share: 7.54%
Year-on-year change: -5.41%
Mayo2018 New Cars: 2,1682018 % Share: 15.06%
Year-on-year change: -4.79%
Galway2018 New Cars: 4,7592018 % Share: 33.07%
Year-on-year change: -3.31%
The Motor Industry Review for 2018 | 16
6% rise in LCV SalesAcross Connacht/Ulster light commercial vehicle sales
were up by 6.02% in 2018 when compared to 2017.
HCV sales up 12%Overall sales of heavy commercial vehicles were up
12.04% year-on-year across Connacht/Ulster.
DIESEL ELECTRIC HYBRID PETROL
60,128LISTINGS
84LISTINGS
618LISTINGS
26,345LISTINGS
Ad lis�ngs by fuel type Connacht/Ulster
0
Number of ads posted on DoneDeal by county
Donegal
2K 4K 6K 8K 10K 12K 14K 16K 18K 20K 22K 24K 26K 28K 30K
Sligo
Mayo
Galway
Leitrim
Monaghan
Cavan
Roscommon
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Over the last number of years, DoneDeal.ie has collected a vast amountof data on the Irish motor market. Each year hundreds of thousands of motors are advertised on the site.
About the ReportThe goal of the DoneDeal.ie Motor Report is to use the information in this report to help all actors in the motor market make informed decisions about buying and selling. In addition, because it is freely available, the DoneDeal.ie Motor Report can help inform the media, the general public and policymakers about the latest developments in the motor market.
Methodology and Sample SizeThe statistics are based on motors advertised on DoneDeal.ie for a given period in addition to publicly available information about the Irish Motor industry.
About DoneDeal.ieDoneDeal.ie is Ireland’s largest motor classifieds advertising website with on average one car ad placed every minute.
DisclaimerThe goal of the DoneDeal.ie Motor Report is to use the information in this report to help all actors in the motor market make informed decisions about buying and selling. In addition, because it is freely available, the DoneDeal.ie Motor Report can help inform the media, the general public and policymakers about the latest developments in the motor market.
CreditsMarketing and Communications: Martin Clancy Layout and Design: William Tector
17 | The Motor Industry Review for 2018
2018 Dealer Performance
�Since joining DoneDeal we have seen a significant increase in leads to our dealerships. The uplift is most definitely attributed to the performance of the site, as well as the the high quality account management we receive
2.54MSAVED ADS
21% increase from 2017
-Paul Lyttleton, Director, Barlo Motor Group
279KLEADS TO DEALERS38% increase from 2017
145MAD VIEWS ON DEALER STOCK
11% increase from 2017
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