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

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news