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

 


Sales of Commercial Vehicles Continue their Bull Run

February Sales of Commercial Vehicles Continue their Bull Run

“New vehicle registrations for February 2014 remain strong with another record month for sales of commercial vehicles. It was the 5th year on year has been the highest since the MIA began collecting records” says David Crawford, Chief Executive Officer of the Motor Industry Association.

Total new vehicle registrations for the month of February were 9058, an increase of 1,111 vehicles for the same month last year (14% increase). New commercial vehicle registrations were 2,567, a 19.2% increase over February 2013. It was also the highest February sales since the MIA began collecting records in 1981. New passenger car sales also recorded a strong month with 6,491 registrations, the best February since 1989.

Toyota was the overall market leader for the month of February with 15.0% market share (1,363 units) with Holden second on 10.5% (949 units) and Ford third with 9.9% (894 units).

Holden was the passenger car market leader for the month of February with 12% share (782 units), with Toyota second on 11.7% (762 units) and Hyundai third with 9.5% (616 units).

Toyota Corolla remains the top selling passenger model with 5% market share (311 units), followed by Holden Captiva on 4% (279 units) and Suzuki Swift at 3% (226 units). The Holden Commodore and Hyundai Santa Fe were the next best-selling models, also with 3% each of market share.

The Toyota Hilux was the top selling commercial model for February with 390 units sold (15% market share). The Ford Ranger was the second best seller with 12% market share (311 units). This was followed by the Nissan Navara with 11% (272 units). Year to date the Ford Ranger is the top selling commercial model with 13% market share (624 units) closely followed by the Toyota Hilux, also with 13% market share (621 units).

The sale of sports utility vehicles represented 31% of all vehicles sales in January, followed by pick-ups/chassis-cabs and small passenger cars at 19% each.

ENDS.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: Spending Wins Over Tax Cuts; Big Ticket Items Get Boost

Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More>>

ALSO:

Fishy: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news