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).



© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news