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

 


Used imports boost January’s vehicle sales

Media Release 7 February 2013



Used imports boost January’s vehicle sales


The vehicle market, including all New Zealand new and first time registered used imported vehicles enjoyed a strong start to 2013. With total sales of 17,119 units, the market was up by 1,818 units (12 percent) compared to January 2012.

The stand-out sector though was used imported vehicles, aided by the strength of the New Zealand dollar and growing availability of ‘qualifying’ stock. While a comparatively small market, used imported commercial vehicles showed an even greater improvement than their New Zealand new counterparts. The 429 sales recorded in January was up 184 units (75 percent) compared to a year ago, and was the best single month for sales since December 2009.

Used imported passenger cars of 7,397 were up 1,022 units (16 percent) compared to 2012, and proved to be their best January month in over a year, with Mazda’s Demio the most popular individual model. Used imported passenger car sales were just ahead of their New Zealand new counterparts for the month (12 units).

MTA spokesman Ian Stronach says “This contest – between brand new and New Zealand new – is shaping up as an intriguing one in the months ahead. It will be interesting to observe the progress of the used imported market, in light of the recent improvement in the cross-rate of the Kiwi dollar against the Yen.”

“The sales count exceeded ‘arrival’ numbers by a considerable margin in January and more stock will need to arrive if sales volumes are to be maintained at current levels.”

Total new vehicles sales of 9,293 were 612 units (7 percent) ahead of 2012. Toyota led the new vehicle market with 1,936 sales (1,528 passenger cars and 408 commercials) for a 21 percent market share.

New passenger vehicle sales of 7,385 were down 114 units (2 percent) compared to 2012. New commercial sales were strong (up 61 percent), bouncing back from an artificially low January 2012 that was heavily affected by the aftermath of the tsunamis that struck Asia.

On road motorcycle sales remained subdued in January. Total sales of 717 units was down by 31 units (4 percent) compared to 2012. While all segments were down, used imported sales were particularly soft, down 9 percent. Suzuki led the way in new sales with 110 units, followed by Honda with 72 sales and Harley Davidson who recorded 56 sales.


Figures provided by the NZ Transport Agency (NZTA).


ENDS


130207_New_vs_Used_Import__Passenger.pdf

130207_New_vs_Used_Import__Total_Market.pdf

130207_Used_import_passenger_registrations.pdf

130207_New_motorcycle_registrations.pdf

130207_New_passenger_registrations.pdf


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Efficiency: Businesses And Households To Save From New Energy Plans

Minister of Energy and Resources Simon Bridges today announced three energy efficiency initiatives to improve business productivity, save money and reduce carbon emissions. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news