If you are lucky enough to have a healthy bank balance, you might be in the market for a new car or for those of us who’s account is heavily in the minus it's nice to aspire to what could be. DoneDeal Ireland's largest classifieds website has released the Motor Industry Review 2018 which shares some useful insights for anyone considering buying a car.
The report has revealed the top 10 most popular 2018 car makers in Ireland ranked by the highest number of new car registrations. Volkswagen has topped the list this year with 10.97% of the market share, closely followed by Toyota (9.59%) and Hyundai (9.27%) to round off the top three. The biggest jump in popularity is Peugeot who makes the list at number 9, a 43.89% increase from the previous year.
The report also highlights a slight drop in the number of used cars purchased. A total of 640,326 used cars traded hands last year, compared to 664,253 for the same period in 2017.
Here’s the full list of 10 most popular 2018 Car makers in Ireland:
DoneDeal has shared some interesting insights into people's search behaviour on their website. The report shows that the interest in Electric and Hybrid cars are on the rise. Electric car searches surged 110% compared with the previous year, while Hybrid searches are up 83%. Bad news for Diesel car owners, the searches for Diesel cars dipped by 14%.
Martin Clancy from DoneDeal said this decline in interest of Diesel cars is a reflection of consumer behaviour nationwide, 20% fewer new Diesel cars were sold in 2018 compared with the year prior. The report has also revealed the top 5 cars which have retained their value the best from when they were purchased new in 2015. The Skoda Octavia retained its value the most with the lowest average depreciation value of -22%, closely followed by the Volkswagen Golf at -27%, Ford Focus at -36%, Audi A4 at -52% and BMW 5 series -53%.
There you go now, lots of food for thought for your next car purchase. To find out more you can read the full report click here.