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

 

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>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news