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

 

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

March 2017: Commerce Commission Delays Decision On Fairfax-NZME

The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news