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


New vehicle sales surge ahead in March

Media Release
5 April 2006

New vehicle sales surge ahead in March

The end of the financial year signalled another surge in new vehicle sales. Compared with February, new car sales for the month rose 19% to 7114 and new commercial vehicle sales, at 2629, were up a staggering 44%. Year to date March, total new vehicle sales rose 5.7% on the same period in 2005.

“The market has been posting new monthly records for the last four years,” said Perry Kerr, CEO of the Motor Industry Association. This was the biggest March for new cars since 1990, and the biggest for new commercials since 1985. Despite all the comments about a softening economy, new vehicle buyers continue to display a high level of confidence in the sheer value that’s on offer.”

Toyota continues to stretch its lead in the market share stakes, and although Ford finished ahead of Holden in March, Holden still holds second place year to date. In commercial vehicles, Toyota’s selling over double the volume of its nearest rival.

Commodore led Falcon and Corolla in the top model stakes in March, but Corolla still holds second place year to date.


© 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>>