Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


New vehicle market heads for a 15 year record

3 December 2004

New vehicle market heads for a 15 year record

The New Zealand new vehicle market is headed for easily its biggest year since 1989, the first year that the market began to feel the effects of unrestricted used vehicle imports.

November new car sales of 6691 were 15.6% ahead of November 2003, and new commercial vehicle sales of 2057 beat last November’s figure by 16.3%. For the eleven months year to date new car sales have reached 68,861, and new commercials at 22,176 have already surpassed the 2003 full year figure. Year to date the total market for new vehicles is 8% ahead of last year, and on current forecasts it will fall just short of 100,000 units for the full year. The last time this level was reached was in 1989, when it peaked at 100,892.

“The new vehicle market is certainly in good heart,” said Perry Kerr, CEO of the Motor Industry Association. “We’ve been in sustained growth mode for three years now, spurred on by a strong economy and new vehicles that represent excellent value.”

Ford edged out Toyota in both passenger and commercial sales for the month of November, but Toyota still holds a good lead year to date. Holden Commodore remains the top selling car model, followed by Ford Falcon and Toyota Corolla.

For detailed statistics, see the attached excel document:

Sheet 1: Top ten distributors, full year 2003, month of November 2004, YTD November 2004, total vehicles, new cars, new commercials.

Sheet 2: Top ten sellers by model, full year 2003, month of November 2004, YTD November 2004, top ten rental cars November 2004.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>