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New car market up again in October

New car market up again in October

The new car market surged again to hits highest October level since 1984, according to figures released by Land Transport New Zealand. 7791 new cars were registered for the month, 5% up on September and 3.9% ahead of October 2005’s record. Conversely, new commercial vehicle sales, at 1507, were 16% down on October last year. Year to date, new car sales are just 1.1% behind the same ten months of 2005, but new commericial vehicle sales are running 10.3% behind.

“The new car market continues at a very similar level to last year’s record,” said Perry Kerr, CEO of the Motor Industry Association, “But it’s clear that tightening business conditions are having an effect on the sales of commercial vehicles.”

Toyota have raced ahead to take a commanding lead over Ford in year to date new vehicle sales, and Corolla was easily the top selling individual model for the month, with Commodore second.


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