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

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news