Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


New car registrations reflect strong local business growth


21 November 2013


New car registrations reflect strong local business growth

New car registrations in the Palmerston North region have shown strong growth during 2012, an increase of 86% to the end of October, compared to the same period last year.

This was significantly higher, for the same period, than the growth of new car registrations in New Zealand, which increased by 18%.

Economic policy advisor Peter Crawford says the registration of 2,612 new cars in the region reflects strong economic activity and population growth in the region. These figures show a 5% increase against the peak reached in 2008.

“These figures reflect business confidence in the region and growth in spending amongst farmers,” says Mr Crawford. “Farmers have been spending their high returns on new cars over the past 12 months.”

Mayor Jono Naylor says the figures are a welcome sign of economic growth in the City. However, he says he is mindful that growth is not spread across all sectors.

The growth rate for new cars has climbed from 65% in July 2012 to 107% in October 2012.

Registrations for ex-overseas registered cars are below previous years with 1,631 cars registered in the Palmerston North region in the year to October 2012 compared with a peak of 5,084 cars in the year to January 2006.

Mr Crawford says this trend reflects the impact of tighter government import restrictions and a reduced supply of second hand cars in Japan.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Mt Albert Aftermath

Personality politics – Jacinda is great! Jacinda is not so great! – have dominated the coverage of the Labour Party’s fortunes this week...

Still, this is a relatively new and welcome problem for the centre-left. Labour has seemed so bereft of crossover talent for so long that it seems almost embarrassed by this latest development. More>>

 

Conservation: Central Govt Takes Over 1080 Regulation

“This new approach standardises the rules for using such poisons rather than the current system of different rules in different regions. This change will reduce costs and delays for operators, ensure consistent conditions throughout the country, reduce mistakes from misunderstanding rule differences and allow best practice approaches to be used." More>>

ALSO:

Election Entertainments: ACT Has Prison Plan, Greens Have Water Bill

Green Party launches Member’s Bill to protect our freshwater The Green Party has today launched a member’s bill that will keep water from underground sources, called aquifers, safe from pollution and contamination. More>>

ALSO:

2040 Target And Lower Standards: “Swimmable” Rivers Five Times More Likely To Make You Sick

Forest & Bird has condemned the government’s new water quality standards, warning New Zealanders that they lock in current levels of water pollution and allow for a 5-fold increase in the chance of getting sick from swimming in a river. More>>

ALSO:

Immigration: Clampdown On Rogue Employers Good First Step

The Human Trafficking Research Coalition is pleased at the new clampdown on rouge employers who exploit migrants announced by Minister Woodhouse this morning, and believes this is a step in the right direction. More>>

ALSO:

Mayor: 750 New Social And Affordable Homes For Wellington (Over A Decade)

The next stage of Wellington’s Housing Upgrade Programme will see at least 750 new units of social and affordable housing built over the next decade, Mayor Justin Lester has announced. More>>

ALSO:

22/2: Christchurch Quake Memorial Unveiled

A city, a region, a nation and an international community impacted by the Canterbury Earthquakes will come together to mark the sixth anniversary of the deadly quake and dedicate Oi Manawa Canterbury Earthquake National Memorial. More>>

ALSO:


November Quakes:

Gordon Campbell: On The Mana-Maori Party Deal

If the self-interest involved wasn’t so blatant, the electorate deal between the Maori Party and Hone Harawira would be kind of poignant. It’s a bit like seeing the remaining members of Guns’n’Roses or the Eagles back on the road touring the nostalgia circuit… playing all the old hits of Maori unity and kaupapa Maori politics. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news