Key Market Indicators
Irish vehicle registrations are projected to plummet to approximately 47,000 units by 2028, down from around 116,000 units in 2023. This represents an average annual decline of 14.4%. The trend marks a continuous downturn since 2010, with the Irish market experiencing an average yearly decrease of 5.2% over the period. As of 2023, Ireland ranks 56th globally in vehicle registrations. New Zealand surpassed Ireland with around 116,000 units. Leading the global vehicle registration rankings, Canada, China, and Austria secured the second, third, and fourth positions, respectively.