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

Transport: Auckland Looks To Light Rail

The Board of Auckland Transport has called for an investigation into a light rail network, which could relieve traffic congestion on some of the region’s busiest roads.

This stems from work in 2012 (the City Centre Future Access study) which responded to a government request to develop a robust and achievable solution for access to the CBD.

That showed that the City Rail Link, together with surface bus improvement, provided the best regional solution. However, it also identified that the city centre is already facing serious congestion across all major road entry points which, if not addressed now, will worsen. More>>

 

RMA: Smith's Claims Don't Match Evidence - Greens

The Motu group’s research into the impacts of planning rules looked at the costs related to housing development but not the benefits of environmental protections and does not recommend significant changes to the RMA to reduce the cost of new house builds. More>>

ALSO:

Gordon Campbell: On The Similarities Between John Key And David Cameron

For years now, David Cameron has been the closest available thing to a mentor/analogue to our Prime Minister, such that Key watchers could be interested in an analysis of Cameron that appeared in the British press over the Christmas break. More>>

Gordon Campbell: On Ian Fletcher Resignation & GCSB’s New Role

It may well be that after being shoulder-tapped in Queensland for the GCSB job, three years of living in Wellington has been enough for Fletcher and his family, given that the pending review of the GCSB would have required an even longer commitment from him. Three years of Wellington’s weather is enough for anyone... More>>

ALSO:

Ian Apperley: $10m Or $100m For New Wellington Council IT System?

I feel a Tui Billboard coming on. I commented the other day that it looked like the Council’s Ninth big project was a potential $100 million plus... The Mayor has responded: “I am reassured by the Chief Executive and by Anthony Wilson that the proposed budget is in the region of $10 million.” More>>

ALSO:

Southern Ocean:
Navy Intercepts Illegal Fishing Vessels

Foreign Minister Murray McCully today put illegal fishing vessels operating in the Southern Ocean on notice and vowed to take action against their owners. “As part of a multi-agency operation, the HMNZS WELLINGTON has intercepted two vessels claiming to be flagged to Equatorial Guinea, fishing illegally in the Southern Ocean.” Mr McCully says. More>>

ALSO:

Kiwi Pride: New Zealand Takes UN Security Council Seat

“New Zealand’s term on the Security Council will place us at the heart of international decision-making for the next two years,” Mr McCully says. More>>

Greens: CAA Airport Door Report Conflicts With Brownlee’s Claims

The heavily redacted report into the incident shows conflicting versions of events as told by Gerry Brownlee and the Christchurch airport security staff. The report disputes Brownlee’s claim that he was allowed through, and states that he instead pushed his way through. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news