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


New vehicle market heads for a 15 year record

3 December 2004

New vehicle market heads for a 15 year record

The New Zealand new vehicle market is headed for easily its biggest year since 1989, the first year that the market began to feel the effects of unrestricted used vehicle imports.

November new car sales of 6691 were 15.6% ahead of November 2003, and new commercial vehicle sales of 2057 beat last November’s figure by 16.3%. For the eleven months year to date new car sales have reached 68,861, and new commercials at 22,176 have already surpassed the 2003 full year figure. Year to date the total market for new vehicles is 8% ahead of last year, and on current forecasts it will fall just short of 100,000 units for the full year. The last time this level was reached was in 1989, when it peaked at 100,892.

“The new vehicle market is certainly in good heart,” said Perry Kerr, CEO of the Motor Industry Association. “We’ve been in sustained growth mode for three years now, spurred on by a strong economy and new vehicles that represent excellent value.”

Ford edged out Toyota in both passenger and commercial sales for the month of November, but Toyota still holds a good lead year to date. Holden Commodore remains the top selling car model, followed by Ford Falcon and Toyota Corolla.

For detailed statistics, see the attached excel document:

Sheet 1: Top ten distributors, full year 2003, month of November 2004, YTD November 2004, total vehicles, new cars, new commercials.

Sheet 2: Top ten sellers by model, full year 2003, month of November 2004, YTD November 2004, top ten rental cars November 2004.


© Scoop Media

Business Headlines | Sci-Tech Headlines


MPI: Dry Autumn In Waikato And South Auckland Leads To Drought Classification Drought conditions affecting the primary sector in the Waikato and South Auckland were today classified as a medium-scale adverse event, enabling a package of support for farmers and growers... More>>

Commerce Commission: Invites Feedback On Its Initial Views Of Wellington Airport’s Pricing Decisions

The Commerce Commission is inviting feedback on its initial views, released today, about Wellington Airport’s pricing decisions for specified airport services, such as aircraft parking or airfield and passenger terminal charges, for the period 1 April 2019 to 31 March 2024... More>>

Government: Lower Card Fees On Way For Business, Consumers

A Bill to help lower the fees charged when credit and debit transactions are made, will save New Zealand businesses around $74 million a year... More>>

Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>

DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>

Immigration: Annual Net Migration Loss Of 7,300

The provisional net loss of 7,300 people in the year ended March 2022 was the lowest net migration for a March year since 2012, Stats NZ said today... More>>