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

 


Europeans shine in February vehicle sales

Media Release 6 March 2013



Europeans shine in February vehicle sales


Motorcycles and European cars sold especially well in February, amid strong sales across the rest of New Zealand’s vehicle market.

The vehicle market, including all New Zealand new and first time registered used imported passenger and commercial vehicles was up strongly in February compared to the corresponding period last year. Sales of 15,229 units were up 1,757 units (13 percent) compared to February 2012. Also, more new vehicles in total (passenger and commercial) sold than used ones, with 7,947 new vs 7,282 used. This reversal of position first occurred in 2012, and appears to be continuing.

European passenger cars pushed ahead during the month with the four leading European brands, Volkswagen, Audi, BMW and Mercedes, all finishing inside the top 15 new passenger car brands. Aided by an impressive performance by the new Volkswagen Golf, which recorded 144 sales on its own, these four brands between them recorded 742 sales and took a 12.8 percent share of the market. This compared to 551 units, and a 9.8 percent share, in February 2012.

MTA spokesman Ian Stronach said “While the strong New Zealand dollar has helped all distributors, the flow-on effect seems most apparent amongst the European brands. While all new cars are good value for money right now, those wanting a new European vehicle are finding it easier to get one.”

Total new vehicle sales of 7,947 units were 762 units (10.6 percent) ahead of 2012. Toyota led the new vehicle market with 1,465 sales (926 passenger cars and 539 commercials) for an 18.4 percent market share.

New passenger vehicle sales of 5,799 were up 164 units (3 percent) compared to 2012. New commercial sales of 2,148 units were up strongly again, rising 596 units (38 percent) compared to February 2012.

On road motorcycle sales showed a welcome lift in sales after the sluggish performance of recent months. Total sales of 649 units were the best for 20 months – and up 93 units (17 percent) compared to the same period last year. The increase was led by scooter (under 60cc) sales, which at 251 units was the best in 22 months, and up 77 units (44 percent) compared to February 2012. Used imported motorcycles followed the same pattern up 32 units (25 percent) compared to last February.


Figures provided by the NZ Transport Agency (NZTA).


ENDS


Graphs:

February_new_vs_used_import__total.pdf

February_used_passenger_registrations.pdf

February_new_motorcyle_registrations.pdf

February_new_passenger_registrations.pdf


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news