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

 


New Vehicle Market Steady On Strong Growth

Media Release

3 June 2014

New Vehicle Market Steady On Strong Growth

David Crawford, Chief Executive Officer of the Motor Industry Association says “May sales of 10,064 new passenger and commercial vehicles reflects the current strong economic conditions as sales records continue to fall. There were 3,262 registrations of new commercial vehicles for the month of May, the strongest May sales since the MIA began collecting records for commercial vehicles”.

There were 6,802 passenger vehicles sold during May, up 455 units on May 2013. Year to date registrations of passenger vehicles is 11% (3,574 units) ahead of 2013.

Commercial vehicle registrations of 3,262 units were up 685 units (11%) on May 2013. “Year to date registrations of commercial vehicles is a whopping 20% (2,313 units) ahead of May 2013, reflecting a continued strong market for commercial vehicles”, says Mr Crawford.

Toyota was the overall market leader for the month of May with 19% market share (1,931 units) with Ford second on 11% (1,118 units) and Holden third also with 11% (1,090 units).

Toyota was the passenger car market leader for the month of May with 15% share (996 units), with Holden second on 12% (798 units) and Ford third with 8% (562 units). Toyota was also the commercial vehicle market leader with 29% share (935 units) followed by Ford at 17% (556 units) and Holden third at 9% (292 units).

The Suzuki Swift was the top selling passenger model with 4% market share (272 units), followed by the Toyota Corolla also on 4% (241 units) and the Mazda CX-5 at 3% (230 units).

The Toyota Hilux was the top selling commercial model for May with 566 units sold (17% market share). The Ford Ranger was the second best seller with 15% market share (503 units). This was followed by the Toyota Hiace at 11% (348 units). Year to date the Ford Ranger remains the top selling commercial model with 16% market share (2,183 units) followed by the Toyota Hilux, with 15% market share (2,069 units).

The sale of sports utility vehicles grew to 30% of all vehicles sales in May, followed by pick-ups/chassis-cabs with 22% and small passenger cars at 16% each.


ENDS.

Attachments

Sheet 1: Detailed figures for top 15 distributors, full year 2013, month of May 2014 and year to date 2014, total vehicles, new cars and new commercials.

Sheet 2: Detailed figures for top 15 selling models - passenger cars and commercials- full year 2013, May 2014 and year to date 2014.

Sheet 3: MIA segmentation full year 2013, May 2014 and year to date 2014.

May_2014_Sales_Table.xls
Registration_data_1975_onwards.xls

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

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>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news