Table of Contents
Overview
-
- What you need to know
- Issues covered in this Report
Executive Summary
-
- The market
-
- Figure 1: Passenger cars by engine type, UK and RoI, 2016
- Forecast
-
- Figure 2: Indexed total new car registrations, IoI, NI and RoI, 2012-22
- Market factors
- Crude oil prices pushing fuel costs up in 2017
- Growing congestion
- RoI consumers more positive in future economic and personal financial outlook
- The consumer
- Three quarters of consumers personally own a car
-
- Figure 3: Ownership of a car, NI and RoI, February 2017
- One in five has bought a new car in the last two years
-
- Figure 4: When consumers bought their car, and if it was new or second-hand, NI and RoI, February 2017
- Lack of license main reason for non-ownership
-
- Figure 5: Reasons that consumers do not currently personally own a car, NI and RoI, February 2017
- Most consumers use savings to buy car
-
- Figure 6: Methods of funding used to purchase or lease last car, NI and RoI, February 2017
- Low emissions and fuel efficiency key features for future car purchases
-
- Figure 7: Factors (excluding price) that consumers show any interest in when considering buying a future car, NI and RoI, February 2017
- What we think
The Market – What You Need to Know
-
- Brexit taking its toll on new car registrations in NI
- Oil price hike sees fuel costs increase
- Congestion levels in Belfast and Dublin increase
- RoI consumers more positive about economy and personal finances
Market Size and Segmentation
-
- New car registrations expected to decline in 2017
-
- Figure 8: Total new car registrations, IoI, NI and RoI, 2012-22
- Exchange rate sees 56% jump in used car imports for RoI
-
- Figure 9: Number of used imported cars registered, RoI, June 2013 to March 2017
-
- Figure 10: If consumers intend to shop for various goods/services in NI/UK during the next six months to take advantage of the shift in the £/€ exchange rate, by demographics, RoI, August 2016
- Strong growth in petrol and hybrid car registrations in RoI
-
- Figure 11: Passenger cars by engine type, RoI, 2012-16
- Petrol car registrations more dominant in the UK
-
- Figure 12: Sales of cars by fuel type, UK (including NI), 2011-16
- Toyota accounted for most new car registrations in RoI
-
- Figure 13: New car registrations, by top 10 brands of cars, RoI, 2012-16
- Ford accounts for more new car registrations within the UK in 2016
-
- Figure 14: Manufacturer shares of new car registrations, UK (including NI), 2010-16
- Strong increase in RoI jeep and MPV registrations
-
- Figure 15: Top selling types of cars (body type), RoI, 2014-16
Market Drivers
-
- Crude oil prices increase between 2016 and 2017
-
- Figure 16: Annualised Brent crude oil price per barrel, global, 2011-17*
- Petrol and diesel costs back to 2015 levels
-
- Figure 17: Indexed consumer prices for petrol and diesel, RoI, January 2013-March 2017
- Figure 18: Indexed consumer prices for petrol and diesel, UK/NI, January 2013-March 2017
- Growing congestion may see fewer consumers choosing to drive
-
- Figure 19: Most congested cities in the UK (including NI) and Ireland, 2012-15
- Fewer bus journeys in NI, but train sees marginal increase
-
- Figure 20: Total number of public transport journeys (bus and rail), NI, 2014-16
- 10 million more passenger journeys in RoI via public transport
-
- Figure 21: Total passenger numbers using public transport, RoI, 2014-16
- City bikes scheme in Belfast harmed by vandalism
-
- Figure 22: Total journeys using Belfast Bikes scheme, NI, May 2015-February 2017
- Dublin bikes usage increases, with more stations on the way
-
- Figure 23: Total journeys using Dublin Bikes scheme, RoI, April 2010-March 2017
- RoI consumers more positive in future economic outlook
-
- Figure 24: How consumers think the general economic condition of the country will change over the next 12 months, NI and RoI, April 2017
-
- Figure 25: How consumers think their own personal financial situation shall change over the next 12 months, NI and RoI, April 2017
Companies and Brands – What You Need to Know
-
- Peugeot releases self-driving concept vehicle, INSTINCT
- Renault introducing a range of electric cars and chargers in Sicily
- Chevrolet introduce unlimited data subscriptions
- Porsche shares record profits with employees
- Self-service comes to car retail
Who’s Innovating?
-
- Auto manufacturers infotainment systems left wanting, Apple and Android occupy the void
- Ford partners with Amazon to introduce Alexa
- Designworks (BMW) collaborates with Shell to improve Hydrogen car refuelling
- Autonomous driving technology
Competitive Strategies – Key Players
-
- Agnew Group
- Key facts
- Recent developments
- BMW Ireland
- Key facts
- Recent developments
- Ford Ireland
- Key facts
- Recent developments
- Mercedes-Benz Ireland
- Key facts
- Recent developments
- Nissan Ireland
- Key facts
- Recent developments
- Peugeot Ireland
- Key facts
- Recent developments
- Renault Ireland
- Key facts
- Recent developments
- Volkswagen Ireland
- Key facts
- Recent developments
- Audi Ireland
- Key facts
- Recent developments
The Consumer – What You Need To Know
-
- Car ownership high in Ireland
- Savings key method of funding for car purchasing
- Lower emissions and fuel efficiency key considerations for next car purchase
Car Ownership and When Last Car was Purchased
-
- Car ownership remains strong in 2017
-
- Figure 26: Ownership of a car, NI and RoI, February 2017
- Figure 27: Ownership of a car, by gender, NI and RoI, February 2017
-
- Figure 28: Ownership of a car, by age group, NI and RoI, February 2017
- One in five bought a new car in the last two years
-
- Figure 29: When consumers bought their car, and if it was new or second-hand, NI and RoI, February 2017
- Third of car owners have bought second-hand more than two years ago
-
- Figure 30: If consumers bought a second-hand car in the last two years, NI and RoI, February 2016 and 2017
- Lack of license chief reason that consumers do not own a car
-
- Figure 31: Reasons that consumers do not currently personally own a car, NI and RoI, February 2017
-
- Figure 32: Consumers that do not currently have a driving license, by gender, NI and RoI, February 2017
Methods Used to Purchase Last Car
-
- Savings a key source of funding
-
- Figure 33: Methods of funding used to purchase or lease last car, NI and RoI, February 2017
- Men more likely to rely on savings to buy car
-
- Figure 34: Consumers who used savings (ie paid for the car outright) to purchase or lease last car, by gender and age, NI and RoI, February 2017
- Part-exchange more likely among mature consumers
-
- Figure 35: Consumers who part-exchanged their old car for a new one to purchase or lease last car, by age, NI and RoI, February 2017
- Figure 36: Consumers who part-exchanged their old car for a new one to purchase or lease last car, by gross annual household income, NI and RoI, February 2017
- More debt conscious consumers avoiding car loans
-
- Figure 37: Consumers who used a personal loan to purchase or lease last car, NI and RoI, February 2016 and 2017
-
- Figure 38: Indexed outstanding loans to households, consumer credit and other loans, IoI, NI and RoI, 2012-17
Features Consumers Would Be Interested in for a Future Car Purchase
-
- Low emissions and fuel efficiency key features for future car purchases
-
- Figure 39: Factors (excluding price) that are likely to influence a consumer’s decision when buying a car in the future, NI and RoI, February 2017
- ‘Dieselgate’ helping to throw the spotlight on lower emission engines
-
- Figure 40: Consumers who indicated that they are very interested in low emissions features when buying a car in the future, by gender, NI and RoI, February 2017
- Fuel efficiency increasingly important
-
- Figure 41: Consumers who indicated that they are very interested in fuel efficiency features when buying a car in the future, by social class, NI and RoI, February 2017
- Half of RoI and a third of NI consumers very interested in enhanced safety features
-
- Figure 42: Consumers who indicated that they are very interested in enhanced safety features when buying a car in the future, by age of children, NI and RoI, February 2017
- Driver assist technology also desired
-
- Figure 43: Selected technologies that are likely to influence a consumer’s decision when buying a car in the future, NI and RoI, February 2017
- Hybrid cars more desired than fully electric cars
-
- Figure 44: Selected engine types that are likely to influence a consumer’s decision when buying a car in the future, NI and RoI, February 2017
Appendix – Data Sources, Abbreviations and Supporting Information
-
- Data sources
- Generational cohort definitions
- Market size rationale
- Abbreviations
Back to top