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

 


November new vehicle sales - best in five years


November new vehicle sales - best in five years


Sales of new cars and commercial vehicles continue to bounce back with sales for November the best since 2007, says Motor Trade Association (MTA).
Dominated by Toyota, which sold 1,768 units for a 20 percent share of the market, sales in November maintained the brisk pace evident all year. 8,581 new passenger and commercial vehicle units were sold overall, up 1,253 units (17 percent) on the 7,328 units sold in November 2011. Year to date, total new vehicle sales are up 14,880 units (19 percent).

MTA spokesperson Ian Stronach said: “The market has confounded most observers this year. November is usually a bit quieter after October, which is often boosted by rental deliveries, but it’s held up really well this time. The industry is a little bit excited now as breaking the 100,000 unit mark for the year appears to be a real possibility.”

New car sales, of 6,484 units, were ahead by 840 units (15 percent), compared to the same month last year. Year to date, new car sales are ahead of 2011 by 12,076 units (21 percent).

Sales of 2,097 new commercial vehicles were also ahead, by 413 units (25 percent) compared to November 2011. Year to date, new commercial vehicle sales are ahead of last year by 2,804 units (14 percent).

Top selling passenger car brands:

• Toyota 1,190 units 18 percent market share
• Holden 673 units 10 percent market share
• Hyundai 624 units 9 percent market share


Top selling passenger car models:
o Toyota Corolla 462 units
o Holden Captiva 319 units
o Toyota Yaris 267 units


Top selling commercial vehicle brands:
• Toyota 578 units 27 percent market share
• Nissan 253 units 12 percent market share
• Ford 231 units 11 percent market share


Top selling commercial vehicle models:
o Toyota HiLux 350 units
o Nissan Navara 247 units
o Toyota HiAce 199 units

At 7,183 units, sales of used imported passenger cars were the strongest they have been all year. They were up by 221units (3 percent) compared to November 2011, and for the year to date are now down by just 2,156 units (3 percent).
Pushed by a 50 percent surge in scooter (below 60cc) sales, on-road motorcycle sales powered away to record sales of 616 units, the best result in 18 months. Sales were up 118 units (24 percent) over November 2011. For the year to date, on-road motorcycle sales are down 580 units (10 percent).

Says Stronach “It’s heartening to see the good news spreading across the other sectors as well; it can only be good when we are seeing stronger sales in on-road motorcycles and used imported cars as well.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news