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 Ch-Ch-Changes At IRD

job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation, which seems to work rather like a secular version of the Rapture.

Except that at IRD, not even your shoes will be left behind. More>>

 

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

Gordon Campbell: On Being Humane About Welfare, Child Support, And Tax

It made for an unusual Venn diagram, but Greens co-leader Metiria Turei and Finance Minister Steven Joyce were briefly sharing some common elements this week in the set that says – hey, don’t use the powers of the state in ways guaranteed to make the system you’re trying to defend worse, not better. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election