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

 

Final Frontier: Rocket Lab And NASA Sign Commercial Space Launch Agreement

Rocket Lab has signed a Commercial Space Launch Act Agreement with the National Aeronautics and Space Administration (NASA). The agreement enables Rocket Lab to use NASA resources - including personnel, facilities and equipment - for launch and reentry efforts. More>>

ALSO:

Scoop Business: Wheeler Downplays Scope For ‘Large’ Rates Fall

Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain New Zealand’s economic growth. More>>

ALSO:

Ruataniwha Dam: Consent Conditions Could Mean Reduced Intensity

Legal advice sought by the Hawke’s Bay Regional Council on the Ruataniwha Dam consent conditions has confirmed that farmers who sign up to take water from the dam could be required to reduce the intensity of their farming operation to meet the catchment’s strict nitrogen limit. More>>

Health And Safety: Bill Now Sees Rules Relaxed For Small Businesses

Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives and committees. More>>

ALSO:

Bearing Fruit: Annual Fruit Exports Hit $2 Billion For First Time

The value of fruit exported rose 20 percent (up $330 million) for the June 2015 year when compared with the year ended June 2014. Both higher prices and a greater quantity of exports (up 9.0 percent) contributed to the overall rise. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news