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

 

PARLIAMENT TODAY:

Salvation Army On Homelessness: Hard Times In West Auckland

The report details an uncomfortable story of people whose only option is to live an unhealthy, dangerous and damaging street life... The social housing needed by these people is not currently available in sufficient quantity. More social housing is required in the West. More>>

ALSO:

Message For PM: NZ Supports Te Reo Māori – You Should Too

As Māori Language Week celebrations and commemoration of 40 years draws to an end, the Māori Language Commission, Te Taura Whiri i te Reo Māori, is once again hugely encouraged by the widespread support for Māori language from throughout the country ... More>>

ALSO:

Arming Police: Frontline Police To Routinely Carry Tasers

"In making the decision, the Police executive has considered almost five years worth of 'use of force' data… It consistently shows that the Taser is one of the least injury-causing tactical options available when compared with other options, with a subject injury rate of just over one per cent for all deployments." More>>

ALSO:

Gordon Campbell: On D-Day For Dairy At The TPP

While New Zealand may feel flattered at being called “the Saudi Arabia of milk” it would be more accurate to regard us as the suicide bombers of free trade. More>>

ALSO:

Leaked Letter: Severe Restrictions on State Owned Enterprises

Even an SOE that exists to fulfil a public function neglected by the market or which is a natural monopoly would nevertheless be forced to act "on the basis of commercial considerations" and would be prohibited from discriminating in favour of local businesses in purchases and sales. Foreign companies would be given standing to sue SOEs in domestic courts for perceived departures from the strictures of the TPP... More>>

ALSO:

"Gutted" Safety Bill: Time To Listen To Workplace Victims’ Families

Labour has listened to the families of whose loved ones have been killed at work and calls on other political parties to back its proposals to make workplaces safer and prevent unnecessary deaths on the job. More>>

ALSO:

Regulators: Govt To ‘Crowd-Source’ Regulatory Advice

A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
More RSS  RSS News AlertsNews Alerts
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news