New vehicle registrations continue to decline

Light passenger vehicles registrations were 33.4% lower in May this year compared to May 2023 (Image: Getty)

Wed, 05 Jun 2024

New vehicle registrations continue to suffer a "relentless dip", according to the Motor Industry Association (MIA).There were 10,186 overall registrations, 23.7% lower than May 2023 and 23.6% lower than May 2022. Year to date, 2024 is 13.3% lower than 2023 and 23.8% lower than 2022. Light passenger vehicles were particularly hit with registrations 33.4% lower in May this year compared to May 2023, marking the fifth month of decline. Year to date, light passenger vehicles are down 22% compared to the same period in 2023. Priv...

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