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

 

New vehicle market remains upbeat in February

6 March 2006

New vehicle market remains upbeat in February

The new vehicle market continued its strong start to 2006 with 5945 new cars sold in February (up 3% on February 2005), and 1829 new commercials finding owners (just one unit less than the same month last year). Year to date, new vehicle sales were 4.5% ahead of the same period last year, representing a continuation of the growth pattern of the last three years.

Despite still running at 20 year record monthly levels, the new vehicle industry isn’t counting its chickens. “The economy’s sending out warning signals,” said Perry Kerr, CEO of the Motor Industry Association, “but despite the fact that trading conditions aren’t getting any easier, consumers are recognising the excellent value represented by fuel-efficient and safe new vehicles and are responding accordingly.”

Although Ford sneaked in front in new passenger car sales for the month of February, Toyota remained ahead for total vehicles, thanks to another very strong month for light trucks.

Normal service was resumed in the individual model stakes, with Commodore, Falcon and Corolla assuming their usual order for February.

Sheet 1: Top fifteen distributors, full year 2005, month of February and YTD 2006, total vehicles, new cars, new commercials.

Sheet 2: Top fifteen sellers by model, full year 2005, month of February and YTD 2006, top ten rental cars February 2006.

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>>