All sectors of vehicle market continue to grow in September
Media Release 10 October 2013
All sectors of vehicle market continue to grow in September sales
All sectors of New Zealand’s already buzzing vehicle market continue to strengthen, with new imported commercials hitting the highest number of year-to-date sales since 1982.
The new passenger vehicles market is on fire, with 7,272 vehicles sold in September alone – up 10 percent on this time last year, and 6 percent year to date (YTD). The market for used imported passenger vehicles is up 25 percent YTD, with 7,615 units sold last month.
New commercials are up strongly, also – up 36 percent from this time last year, and 26 percent YTD, selling 2,799 vehicles. Used imported commercial sales, though building from a small base, are also up strongly, selling 500 vehicles last month, compared to 285 units for the same month last year.
Motorcycle sales are also up on last year, with the market picking up speed as it heads into the traditionally-busy warmer months – perhaps signalling confidence in continued positive economic forecast. September sales for new motorcycles were up 18 percent on the month before – and 23 percent on the same month last year, with 594 units sold.
“Every sector is alive at the moment. This is a strong signal that people have money to spend, and anticipate having cashflow for some time into the future, especially when looking at the sales in commercial vehicles,” MTA Communications Manager Hamish Stuart says.
The strongest year to date, since way back
New passenger vehicle sales (YTD) are having the biggest year since 1986 (2013: 60,647 units, 1986: 61,536 units).
New commercial vehicle sales are having the strongest year to date since 1982 (2013: 22,787, 1982: 24,555).
Used imported passenger vehicle sales (YTD) are the strongest they have been since 2008 (2013: 71,532 units, 2008: 71,981 units).
Used imported commercial vehicle sales (YTD) are also the strongest they’ve been since 2008 (2013: 4,283 units, 2008: 8,860 units).
Motorcycle sales (YTD) are the strongest they’ve been since 2009 (2013: 4,993 units, 2009: 6,409 units – although 2010 and 2011 were both within 85 units of this year’s figure).
“Whichever sector you look at, something is happening. Vehicles are generally the second largest purchase people make in their lives, after houses. There are so many imported vehicles moving off dealers’ lots onto the roads, suggesting New Zealanders are adjusting to the economic conditions – a lot of people have obviously decided it’s a good time to make a big financial commitment,” Stuart says.