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

 

New vehicle market still ahead

Media Release

For Immediate Release
4 November 2005

New vehicle market still ahead

The ground breaking run of the new vehicle market continues with again record numbers of passenger cars and commercial vehicles registered in October, however the numbers are slowing from the hectic pace shown throughout the earlier part of the year.

Year to date October sees new passenger car sales (7,497) 1.6% ahead of the same month last year with the combined year to date figure of 65,752 cars already better than any full year total since 1990 – the year that saw the start of the commercial importation of used vehicles primarily from Japan.

Commercial vehicle registrations were likewise 5.9% ahead of October 2004 but down on September numbers. Year to date, the commercial market continues at a record breaking 6.6% ahead of 2004.

Toyota had a very strong month leading in both passenger cars and commercials with a combined total of 1,939 units. Ford remains in second with 1,557 registrations with Holden third with 1,340 units.

October is traditionally a big month for rental vehicle registrations and last month was no exception. The Toyota Corolla continues to dominate in this market which helped to make it the month’s top selling model with 734 registrations. Holden Commodore came in second with 494 registrations followed by Ford Mondeo – 322; with the Daihatsu Sirion (276 units) just pipping into fourth place ahead of Mitsubishi’s new entry into the large car market – the ‘380’ which had a respectable 275 units.

The top fifteen models shows an interesting swing towards mid size and smaller models which may be as a direct result of the continued high price of fuel. With fuel prices now starting to drop, we will see over the coming months if this trend is permanent or if New Zealanders return to buying their favourite large car..

Sheet 1: Top 15 distributors, full year 2004, and year to date October 2005, total vehicles, new
cars, new commercials

Sheet 2: Top 15 sellers by model, full year 2004, month and year to date October 2005, top 15
rental cars October 2005

ENDS

See... http://img.scoop.co.nz/media/pdfs/0511/Registration_data.xls

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>

ALSO:


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>