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


March New Vehicle market holds up strongly

Media Release
4 April 2008

March New Vehicle market holds up strongly

March new vehicle sales continued the strong trend of recent years. 6364 new cars were sold during the month, a 3.1% increase on February, and although the number was 6.3% down on March last year, there were two fewer selling days in March 2008 due to the early Easter. New commercial vehicle sales were just as buoyant, with 2492 deliveries representing a slight increase on March 2007 and a huge 24.4% improvement over February.

For the first quarter of 2008, new car sales are running 3.6% ahead of the same period last year, while new commercial vehicle sales are 8.8% ahead.

“The new vehicle industry continues to post impressive numbers in a challenging market,” said Perry Kerr, CEO of the Motor Industry Association. “We’re seeing some significant shifts in favour of smaller cars, but overall the sales are still happening.”

Toyota’s market lead continues, but the surprise in March was Honda’s second place in new car sales.

Corolla is stretching its lead over Commodore as the top selling individual model, with Suzuki Swift now firmly established in third place.


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

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