New Vehicle Registrations Records Smashed
2 November 2016
New Vehicle Registrations Records
John Manley, President of the Motor Industry Association says
“Registrations of 14,709 new vehicles for the month of October smashed through all previous monthly records. Not only is it the highest October registrations of any October, it is also the highest ever of any month on record, shattering the previous highest month way back in July 1984 where 13,983 units were registered. It is also the first time that more than 14,000 new vehicles were registered in a month.”
Registrations of 14,709 new vehicles were up 16% on October 2015 and are 9,605 units (8.6%) ahead year to date compared to this time last year.
For the month of October there were 10,795 passenger and SUV vehicle registrations and 3,914 commercial vehicle registrations.
Toyota was the overall market leader for the month of October with 22% market share (3,287 units) with Holden second on 13% (1,866 units) and Ford third with 11% (1,624 units).
Toyota remains the passenger car and SUV market leader for the month of October with 23% share (2,468 units), with Holden second on 14% (1,490 units) and Mazda third with 8% (912 units). Ford retained the commercial vehicle market with 21% share (839 units) followed by Toyota also with 21% (819 units) and Holden third with 10% (376 units).
The Toyota Corolla was the top selling passenger model for the month of October with 11% market share (1,210 units), followed by the Toyota Yaris on 3% (362 units) and the Holden Commodore on 3% (356 units).
The Ford Ranger is again the monthly top selling commercial model for October with 20% market share (768 units). The Toyota Hilux was the second best commercial model with 13% market share (512 units) with the Holden Colorado at 9% (345 units). Year to date the Ford Ranger stretches its lead as the top selling commercial model with 19% market share (7,173 units) followed by the Toyota Hilux, with 14% market share (5,299 units).
The passenger segments have 38% for the month of October, followed by the SUV segments with 35% of vehicle registrations and the light commercial segments with 26% share.
“New vehicle sales are a barometer of businesses and consumer’s confidence in the economy. The record sales for the month of October indicates that there is a strong level of confidence in the performance of the New Zealand economy.” said Mr Manley.
Sheet 1: Detailed figures for top 15 distributors, full year 2015, month of October 2016 and year to date 2016, total vehicles, new cars and new commercials.
Sheet 2: Detailed figures for top 15 selling models - passenger cars and commercials- full year 2015, October 2016 and year to date 2016.
Sheet 3: MIA segmentation full year 2015, October 2016 and year to date 2016.