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

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news