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


New vehicle sales surge to all-time January record

Media Release
4 February 2008

New vehicle sales surge to all-time January record

January new vehicle sales in New Zealand hit an all-time record – it was the biggest January ever recorded in the local market, with 7543 new cars and 1856 new commercial vehicles finding owners. New car sales were 11% up on January 2007 and new commercial vehicle sales were 9% up.

“What a tremendous start to the year,” said Perry Kerr, CEO of the Motor Industry Association. “Not only was this the best January in the history of our industry, but it came after a particularly strong finish to the previous year.”

The new car industry has clearly shifted up a gear since the nineties, when the effect of used imports was affecting the ability of private buyers in particular to trade up to a new vehicle. “With stable pricing and much more predictable resale value, new vehicle buyers can now buy with confidence, and this is evident as new vehicle sales keep increasing while used import sales trend downwards,” said Mr. Kerr.

Toyota continued to lead the market in January by a wide margin, with Holden holding off Ford for second place. Surprise performers were Mazda in fourth place overall, and Suzuki in fourth place for passenger cars.

Toyota Corolla was the top selling model for the month, over 200 units ahead of Holden Commodore.


Sheet 1: Top fifteen distributors, full year 2007, month of January 2008, total vehicles, new cars, new commercials.

Sheet 2: Top fifteen sellers by model, full year 2007, month of January 2008, top fifteen rental cars January 2008.



© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>