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

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news