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

 

Feb 2018 New Vehicle Registrations Slightly Down on 2017

February 2018 New Vehicle Registrations Slightly Down on February 2017

David Crawford, Chief Executive Officer of the Motor Industry Association says “February new vehicle registrations of 11,531 vehicles were down 2% (254 units) on February 2017 reflecting a mature and stable market. Year to date the market is up 3% (751 units) compared to the first two months of 2017.”

Registrations of 7,415 passenger and SUV vehicles for the month of February were down 8% (637 units) on February 2017. However, registrations of 4,116 commercial vehicles continues to grow strongly being up 10% on February 2017.”

Toyota remains the overall market leader with 17% market share (1,959 units), followed by Ford with 10% (1,183 units) and Holden with 8% market share (968 units).

Toyota was also the market leader for passenger and SUV registrations with 14% market share (1013 units) followed by Mazda with 10% (773 units) and Holden with 8% market share (602 units).

In the commercial sector, Toyota regained the market lead with 23% market share (946 units) followed by Ford with 19% (788 units) and Nissan with 9% market share (384 units).

The top four selling models for the month of February were all light commercial vehicles. The Ford Ranger was back at the top of the bestselling vehicle model table with 735 units. This was followed by the Toyota Hilux with 703 units and the Nissan Navara with 384 units.

With the record number of commercial vehicles sold during the month of February it came as no surprise to see the Pickup/Chassis Cab 4x4 segment as the top segment with 17% of the market for the month. The SUV medium segment accounted for 16% of the market, followed by the SUV compact with 12% market share.

“While the market for new vehicles remains strong, some vehicle segments were constrained by low stocks levels, which will continue into the foreseeable future.” said Mr Crawford.


ENDS.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO: