CARZONE MOTORING REPORT - Examining trends in the Irish Motoring Industry
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INTRODUCTION Welcome to the latest and electric car technology. On a lighter note, the survey explores their opinion on edition of the Carzone the Irish driving test and asks them does registration plate snobbery really exist? Motoring Report, an established authority Over 77 million searches took place on Carzone in the first six months of 2018, which on current trends and reveals the most popular makes and models consumer preferences in that consumers searched for, trending fuel types and lots more. Irish motorists are the Irish motoring industry. seemingly more open to electric and hybrid cars than ever before, which is evident in To compile this report, we surveyed over the growing interest for these types of cars 1,600 Irish motorists, harnessed data from for sale on Carzone, while the most popular Carzone’s online platforms and explored the models on site make for an interesting read. latest Irish vehicle transaction figures from Cartell.ie. This makes the Carzone Motoring Car transaction data from Cartell.ie shows Report the most comprehensive report of that January to June was a challenging period its kind in the Irish motoring industry, and for the Irish motoring industry, with new car it offers a detailed glimpse into emerging sales down in the region of 5% year-on-year. trends in the Irish automotive marketplace. Used car transactions declined by around 4% in the first five months of 2018, while Consumers surveyed in this edition of the there was a 13% increase in cars imported report were quizzed on a wide range of from the UK into Ireland during the period. topics, including the car purchase journey, top financial concerns and the role of the car We hope you enjoy the latest edition in day-to-day family life. Looking to 2019, of the report and find it useful as we the survey exposes interesting insights on enter the second half of the year and how they plan to purchase their next car, approach the 2019 buying period. along with their opinions on the fuels of the future and the steady shift to hybrid 1,600 IRISH MOTORISTS SURVEYED 2| Motoring Report
+77 MILLION SEARCHES carried out by engaged car buyers on Carzone from January to June 2018 In association with 3
BUYING A CAR 37% of Irish households have one car 45% of Irish households have two cars 17% of Irish households have three or more cars 1 IN 4 change their car 5 every 5 years 30% spent €10k - €20k on 21% spent between 3% spent over €40k their last car €20k - €40k 4| Motoring Report
HALF 1 IN 4 who spent between €10k - €20k on their last car took out a Credit Union loan of those who spent up to €10k on their last car used 72% who spent over €20k on their last car used their savings a financing option such as PCP WHY PEOPLE SOLD THEIR CAR: Wanted a Wanted a more Needed a larger car newer car reliable car for a growing family 39% purchased their last car from an independent dealer 38% purchased from a franchised dealer 14% purchased from a private seller 5
FAMILY Starting a family is often a catalyst for changing a car, with cost, car safety and size among the top concerns for growing & CARS families searching for their next car. Interestingly, when it comes to choosing a car, 58% of parents make the purchasing decision together. SUVs are becoming increasingly-popular, and families with more than three children are more likely to drive an SUV due to the increased practicality that they offer. The humble hatchback remains the most popular car for Irish parents, closely followed by the saloon. Between commutes, school runs and hobbies, parents are spending more time than ever before in their car, with over 50% of those surveyed saying they drive for over two hours each day. MOST IMPORTANT FACTORS WHEN CHOOSING A FAMILY CAR: 31% 20% 38% Cost Safety Size 6| Motoring Report
Parents with MORE THAN THREE CHILDREN are more likely to drive an SUV OVER HALF The most popular cars for parents are: Hatchback 26% of parents spend more than 2 hours driving each day Saloon 25% 58% of parents make big purchasing decisions together 7
Search data January - June 2018 As ever, search data from Carzone demonstrates There are so many different car colours to choose how buyer preferences are shifting with the arrival from, however black and white remain the staple of new models and technology in the motoring choices, accounting for over 62% of searches on marketplace. The Volkswagen Golf remains a staple Carzone. Searches for electric cars continue to grow choice with motorists of all ages in Ireland, and it was with interest in Elon Musk’s aspirational Tesla Model the most-searched model on Carzone and indeed the S. Ireland’s best-selling electric car, the Nissan LEAF third best-selling new car in Ireland during the first follows closely in second place. Lexus leads the way six months of 2018. Carzone users are an aspirational for hybrid car searches with its luxurious is300h, bunch, with Audi, BMW and Mercedes-Benz ranking along with the Mitsubishi Outlander plug-in hybrid among the highest searched-for car brands on the SUV and Toyota’s best-selling Prius. The most- site, while the most searched-for new car on site is researched new models on Carzone include the Audi the desirable 182 Volkswagen Tiguan SUV. A4, Hyundai Tucson and BMW’s 5 Series. Most-searched for new car in Ireland MOST RESEARCHED 2018 VOLKSWAGEN TIGUAN NEW CARS IN WHITE Audi A4 Hyundai Tucson BMW 5 Series 8| Motoring Report
Nationwide Nationwide Nationwide MOST POPULAR MOST POPULAR MOST POPULAR MAKE MODEL ELECTRIC BMW Volkswagen Golf Tesla Model S Audi Mercedes-Benz E-Class Nissan Leaf Mercedes-Benz Audi A6 BMW i3 Volkswagen Audi A4 Hyundai Ioniq Ford Mercedes-Benz C-Class Renault Zoe Toyota Ford Focus Volkswagen e-Golf Hyundai BMW 5 Series Renault Fluence Z.E. Nissan Volkswagen Passat Renault Twizy Volvo Nissan Qashqai Skoda Audi A3 Nationwide Nationwide Nationwide MOST POPULAR MOST POPULAR MOST POPULAR DIESEL PETROL HYBRID Mercedes-Benz E-Class Volkswagen Golf Lexus IS300h BMW 5 Series Ford Fiesta Lexus CT200h Audi A6 BMW 3 Series Mitsubishi Outlander PHEV VW Golf Volkswagen Polo Toyota Prius Audi A4 Ford Focus Toyota Auris Hybrid Mercedes-Benz C-Class Honda Civic Lexus RX450h Volkswagen Passat Mercedes-Benz C-Class Mercedes-Benz E-Class BMW 3 Series Porsche 911 Lexus NX300h Ford Focus Fiat 500 Toyota C-HR Hybrid Audi A5 Toyota YARIS Porsche Panamera 9
ALTERNATIVE FUELS Almost TWO THIRDS of people plan to purchase an electric or hybrid car in the near future 1 IN 10 don't know the difference between electric and hybrid cars 40% of people don’t know where their closest electric charging station is 10 | Motoring Report
TOP REASONS FOR PURCHASING AN ELECTRIC OR HYBRID CAR 40% Better for the 45% Lower running environment costs TOP REASONS FOR NOT PURCHASING AN ELECTRIC OR HYBRID CAR 25% Fear of the unknown 16% Cost 11
FUEL Irish motorists are more open to hybrid and electric cars than ever before, and this is reflected in increasing searches for OF THE these cars on Carzone thus far in 2018. Over 90% of survey respondents currently drive either a diesel or petrol car, FUTURE however two thirds of those surveyed plan to purchase a hybrid or electric car in the future. Respondents listed lower running costs and taking care of the environment as their main reasons for considering an electric or hybrid car, however one in four listed fear of the unknown as their main reason for not purchasing one. DIESEL PETROL ELECTRIC/ HYBRID 54% 44% 2% own a diesel car own a petrol car own an electric/ hybrid car 86% chose diesel 46% chose petrol due to lower running due to the lower 56% chose electric/ costs purchasing price hybrid due to lower running costs 12 | Motoring Report
BUYING The number of cars being imported from the UK into Ireland continues to rise, with a 13% year-on-year increase during the FROM first half of 2018. This is largely due to a favourable Sterling-to- Euro rate due to ongoing BREXIT negotiations, and 55% of our THE UK survey respondents have considered purchasing a car from the UK at some stage due to the potential savings on offer. That said, almost half of respondents feel the process of purchasing a car in the UK is simply too much hassle. 1 IN 2 have considered purchasing a car from the UK 1MAUK C3R 46% feel it was too 59% would consider much hassle to buying in the purchase a car UK because of from the UK the price 13
PLANNING AHEAD 38% plan to purchase a car in HALF plan to purchase a car the next year under two years old 3 IN 5 29% intend to trade their plan to sell their car in the current car in next year 14 | Motoring Report
OVER HALF plan to spend more than €10k on their next car 69% would travel more than 2 hours to purchase a car THE POWER OF THE REGISTRATION PLATE 39% prefer a registration plate from the county they are from ALMOST feel registration plates from different 1 IN 2 counties impact the value of the car 15
MONEY Over six in ten of those surveyed said their car running costs have increased in the last year, with rising insurance costs MATTERS and increasing fuel prices cited as the main reasons why. Although insurance comes out as the top cost in the survey, 64% have not switched insurance providers in the last year, opting to stay with their current provider. 41% of those surveyed said they spend between €100 and €200 running their car each month, while almost one third spend over €250. 61% say their running costs have increased in the past year Top 3 financial concerns: 61% INSURANCE COSTS FUEL COSTS OTHER SERVICING COSTS 16 | Motoring Report
41% 29% spend between spend over €250 €100 - €200 on on running costs running costs per per month AIR S E P month R 1 IN 3 insurance premiums have decreased or not changed at all in the past 12 months 2 IN 3 have not switched insurance providers in the past 12 months 98% who switched providers recently shopped around for a more competitive quote 17
BUYING While Irish motorists are becoming more comfortable with the idea of purchasing a car online, only 13% would pay the full ONLINE cost price in this way. This is because they would prefer to test drive and see the car in person, before committing to the full purchase. Upon finding their next car however, 77% of Irish motorists would pay a deposit of up to €1000 online to reserve it. 1 IN 10 would pay up to €1000 deposit online for a car 38% would pay a deposit for a car online 13% would pay for a car in full online Top 3 reasons for not buying a car online: 1. Too risky 2. Prefer to test drive it first 3. Prefer to see the car in person 18 | Motoring Report
TESTING TIMES 55% feel that there should be 57% who have a provisional a mandatory retest for licence have renewed it everyone over 70 more than 3 times 62% who took their driving test 58% who took their driving test more than 10 years ago passed within the past 5 years took it the first time around 2 or more attempts to pass their test AS SE D ! P X X 19
JULY 2018
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