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

 


Used import sales building up to push all-time high

Media Release 11 Aug 2014



Used import sales surging: sales building up to push all-time high

Sales of used import vehicles are up 25 percent this July, compared to the same month last year – a staggering increase, as the overseas-registered market continues to build to levels last seen in the early years of the 2000s.

MTA Chief Executive Rob MacGregor says the surge in the market for passenger cars has been consistently building this year – with 12,052 used imports coming off the ships and onto the market last month alone.

“This July saw the most used imports since March 2006, with a 12 percent jump on the month before. The market is still 2,825 units off setting a new overall record – in March 2004, when the Japanese Used Import market was at its peak, the sector sold 14,877 units. However, that we are this close is unexpected – there will be a lot of busy dealerships across New Zealand,” MacGregor says.

The leading used import cars were all smaller, compact cars – the Nissan Tiida (692 units), the Suzuki Swift (642 units) and the Mazda Axela (548 units).

Ford’s Ranger displaces Toyota Hilux as top-selling commercial of the month

In the new market, Ford’s Ranger displaced the Toyota Hilux as the country’s top-selling light commercial vehicle in July – marking a strong start by Ford to the 14/15 financial year. Ranger led the sector (537 units), followed by Hilux (411 units) and Nissan’s Navara (332 units). However, year to date to July, the Hilux retains a narrow lead, with 3,327 units against Ranger’s 3,302 units.

Overall, the buoyant new commercial market sold 3,242 units in July – up 23 percent on last July’s 2,632.

The new car market also had a strong month, with 7,071 units sold; up 4.9 percent on the same month last year. The leading models were the Toyota Corolla (428 units), Holden’s Commodore (304 units) and Honda’s Jazz (302 units).


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Season Ends: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news