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

 

New vehicle sales slip slightly from record levels

Media Release

For Immediate Release
5 December 2005


New vehicle sales slip slightly from record levels

New vehicle sales slipped slightly in November from recent record levels. Although new commercial vehicle sales were marginally ahead of November 2004, new car sales at 6304 were 387 behind the level of November 2004. It was still the second biggest November for the industry since 1990.

Year to date, 96,112 new vehicles have been delivered, 5.6% ahead of year to date November 2004. 2005 will be the first year since 1989 that over 100,000 new vehicles have been sold. Not only will 2005 beat 1989’s figure of 100,892, but it will also be the biggest market for at least 20 years.

“Although we’ve seen a slight tightening in purchasing behavior in recent weeks we believe that the new vehicle market has plenty of underlying strength.” said Perry Kerr, CEO of the Motor Industry Association. “After an unbroken four year boom we’re seeing a slight correction, but new cars are more affordable now than at any time in our history. We’re looking forward to finishing 2005 on a high and moving into the New Year with confidence.”

Although Ford just pipped Toyota for total vehicles for the month, Toyota still enjoys a big lead year to date. Falcon had a big month in November to take leadership in the model stakes but still lies third year to date behind Corolla. Both are well behind Commodore which seems set to remain the country’s top-selling car for the full year.


ENDS

© 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>>

Elsewhere:


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>>

ALSO:


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>>

ALSO:

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>>