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

 


Vehicle sales off to a flier in January

2014 has started very strongly in terms of vehicle sales, with both the New Zealand new and used imported sectors performing ahead of January 2013. The passenger and commercial vehicle, as well as on-road motorcycle segments, all recorded strong gains.

MTA spokesperson Ian Stronach says “Overall, New Zealand new and used imported commercial vehicle sales of 20,625 units were the strongest for any month since July 2007. January is often a good month for sales, but the performance of the market exceeded most expectations. February normally sees a bit of scaling back, but 2014’s off to a flier for sure.”

Total New Zealand new vehicle sales of 10,528 units made it the strongest January on record and more than 13 percent ahead of the same month last year.

Used imported vehicles sales of 10,097 units were the best in six months, and 1,644 units (19 percent) ahead of January 2013.

Used imported passenger vehicle sales of 9,470 were 2,073 units (28 percent) ahead of January 2013, while used imported commercial sales of 627 units were 198 units (46 percent) ahead of the same month last year.

There was little change to the pattern of recent months in terms of best selling used import passenger car; Nissan Tiida, with sales of 510 units led the way, followed by Suzuki Swift on 449 units and Mazda Axela on 441 units.
New passenger vehicle sales of 8,293 units were 908 units (12 percent) ahead of January 2013, while new commercial sales of 2,235 units were 327 units (17 percent) ahead of the same month last year.

In terms of individual models, with sales of 722 units, Toyota Corolla was well clear of its nearest rivals Ford Focus on 301 units and Suzuki Swift on 261 units.

The race for the best selling New Zealand new commercial vehicle seems set to remain tight again this year; Ford ranger topped the market with sales of 314 units, followed by Nissan Navara on 291 units and Toyota Hilux on 231 units.

Buyers seemed to follow the better weather in January with on-road motorcycle sales of 773 units. This was 178 units (30 percent) ahead of January 2013 and the best month since March 2009. Suzuki led with overall sales of 149 units well ahead of Honda on 93 units and Triumph on 62 units.

“With strong economic forecasts coming from many quarters, and both business and consumer confidence being reported as improving almost across the board, there’s no doubt vehicle buyers now have the confidence to commit to replacing vehicles, which has been missing in previous months. Industry may well have to review its forecasts.” says Stronach.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

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>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news