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


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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>