New car registrations drop 14% in May as cooling market continues

Tue, 04 Jun 2019

By Paul McBeth June 5 (BusinessDesk) - New car registrations fell almost 14 percent in May from a year earlier, as the local vehicle market continues to slow after successive records in recent years. Motor Industry Association figures show 12,259 new vehicles were registered in May, down from 14,169 a year earlier. Demand for passenger vehicles was hit harder, down almost 18 percent at 7,624, while commercial registrations fell 5.3 percent to 4,635. "The outturn for May 2019 indicates the new vehicle market is softening, consistent w...

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