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

 


Consumer confidence clear as April vehicle sales soar


Media Release 6 May 2014


Consumer confidence clear as April vehicle sales soar

The New Zealand vehicle market continues to enjoy the benefits of renewed consumer confidence with sales of 18,767 New Zealand new and used import vehicles during April. This was 2,774 units (17 percent) more than the same month last year making it the best April since 2005.

For the year to date, total vehicle sales of 80,377 units are already 14,685 units (22 percent) ahead of the same time in 2013.

“Used imports have really come in to their own in recent months, and are helping maintain the momentum that the new car sector set in motion last year. The growth in new vehicles has been more modest in recent months, but used imported cars are more than filling the gap,” says MTA spokesperson Hamish Stuart.

Used import vehicles led the way with sales of 10,039 units – 2,188 units (28 percent) ahead of April 2013. For the year to date, used import vehicle sales of 40,747 units are already 9,742 units (31 percent) ahead of 2013.

Used import passenger vehicle sales of 9,501 units were 2,083 units (28 percent) ahead of April 2013, making it the best April for used import passenger vehicle sales since 2006.

Used import commercial sales of 538 units were 105 units (24 percent) ahead of the same month last year, making this the best April for used import commercial vehicles since 2008.

Nissan Tiida was again the leading used import passenger model with sales of 515 units, ahead of Suzuki Swift on 459 units and Mazda Axela on 443 units.
New passenger vehicle sales of 6,150 units were also strong and came in 243 units (4 percent) ahead of April 2013, while new commercial sales of 2,578 units were 343 units (15 percent) ahead of the same month last year. For the year to date, new vehicle sales are 4,743 units (14 percent) ahead of 2013.

Toyota was the market leader for new passenger cars for April with a 12 percent share (764 units), followed by Holden with a 10 percent share (662 units) and Hyundai who secured a 9 percent share (571 units).

In terms of individual passenger vehicle models, Toyota Corolla led the way with sales of 298 units, ahead of surprise runner-up Nissan with its new X-Trail with 238 units and Holden Commodore 217 units.

Toyota also led the new commercial vehicle market with a 24 percent share (619 units), followed by Ford with a 21 percent share (544 units) and Holden who secured a 9 percent share (253 units).

The battle for individual new commercial vehicle supremacy continued. Ford Ranger took out top spot in April with sales of 513 units, well ahead of Toyota Hilux on 377 units and Holden Colorado on 231 units.

“We are starting to see some impacts from this sales surge in areas beyond just the sales charts: the number of traders in the market has grown this by 22 percent in the past year, while the overall car fleet grew by 2.4 percent last year. While a resurgent market provides plenty of positives, it inevitably raises other issues that have their own spin-off effects,” says Stuart.

At 504 units, sales of on-road motorcycles were unmoved from a year ago. For the year to date, sales are ahead by 236 units (10 percent).

Suzuki again led with overall sales of 118 units, comfortably ahead of Honda, on 60 units, and Harley Davidson, on 42 units.

New_Comm.pdf
Used_Comm.pdf
New_Pass.pdf
Used_Pass.pdf
Motorcycle.pdf

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Finance: Major Campaign To End "Gross Overtaxation Of Savings"

The campaign – which includes a special web site through which New Zealanders can e-mail their own and other MPs and party leaders – is backed by Age Concern, Consumer NZ, the Financial Services Council and the Taxpayers’ Union. More>>

ALSO:

Scoop Business: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news