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

 


Resurgent new vehicle market in 2012

Media Release 8 January 2013

Resurgent new vehicle market in 2012


Strong sales of both passenger and commercial vehicles in December capped off a great year for a resurgent new vehicle industry – topping 100,000 units for only the third time since 1989.

Despite sluggish trading conditions in many sectors of the economy, sales of 100,795 new cars and commercial vehicles were 16,155 units (19 percent) ahead of 2011; easily outpacing general economic growth rates says Motor Trade Association (MTA).

Overall sales were again dominated by Toyota; the launch of its new Corolla helped propel it to total sales of 21,620 units and a 21 percent share of the market. Ford was in second spot with sales of 11,132 units for an 11 percent share with third place going to Holden who achieved sales of 9,446 units and a 9 percent share of the overall market.

MTA spokesperson Ian Stronach said: “2012 ended up being considerably stronger than anyone had predicted. Forecast growth predictions were easily exceeded, with most segments and the majority of distributors all sharing in the strengthening market.”

New passenger car sales reached their highest level in five years. Sales of 76,871 units were 12,852 units (20 percent) ahead of 2011.

Top selling passenger car brands 2012:

• Toyota 14,992 units 20 percent market share

• Holden 7,922 units 10 percent market share

• Ford 7,653 units 10 percent market share


Top selling passenger car models 2012:

o Toyota Corolla 5,324 units

o Suzuki Swift 3,321 units

o Holden Captiva 2,506 units


New commercial sales also shared in the strong market with sales of 23,924 units - the highest in four years, and 3,303 units (16 percent) ahead of 2011.

Top selling commercial vehicle brands 2012:

• Toyota 6,628 units 28 percent market share

• Ford 3,749 units 16 percent market share

• Nissan 2,703 units 11 percent market share


Top selling commercial vehicle models 2012:

o Toyota Hilux 4,182 units

o Ford Ranger 2,815 units

o Nissan Navara 2,586 units


Stronach added “While a positive result, the market is really only returning to where it was pre GFC. While today’s buyers have more makes and models to choose from than ever, the overall rate of new vehicle sales is still well behind that of Australia and the US, which sell new vehicles at double the rate we do. That in turn provides them with a newer fleet that’s cleaner, more efficient and safer than ours.”

Although down by 2,541 units (3 percent), sales of 78,311 used imported passenger cars was well ahead of predictions. Despite doubts about its ability to do so, the market quickly re-adjusted itself to meet the revised exhaust emissions standards. With the ‘pool of qualifying vehicles’ set to expand again this year, MTA predicts further improvement during 2013.

Figures provided by the NZ Transport Agency (NZTA).

ENDS

New_Passenger_Registrations.pdf
New_Commercial_Sales.pdf
Used_Passenger_Registrations.pdf


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news