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Car Market on Target for Sales Record

Car Market on Target for Sales Record


4 September 2015

Total new and used-import vehicle registrations for August 2015 surged ahead 8 percent compared with the same period last year.

MTA (Motor Trade Association) Chief Executive Warwick Quinn said the latest NZTA figures show that the market is still on track to set an all-time sales record.

New passenger car sales were up 9 percent while used-imported car numbers grew by 7 percent compared to August last year.
New commercial vehicle sales were up by 11 percent, and used-commercials up by 10 percent.

Toyota is still the most popular brand in new passenger cars with its Corolla and Rav4, leading the sales ladder in August. Whilst the Suzuki Swift was the most popular used import for the month.

Commercial utilities continue to be the big sellers. The Ford Ranger leads the market with 735 sales in August, 191 sales ahead of the Toyota Hilux in second place on 544 sales.

“There has never been a better time to buy a new or used car. The downward movement in the New Zealand dollar may put pressure on prices for new and used imported vehicles in the near future, so now is the time to buy,” said Warwick Quinn.

“Both new and used dealers are well stocked and ready for the Spring sales quarter. New Zealand motorists should look to take advantage of the favourable trading conditions. Pricing, specification and selection of vehicles is currently unprecedented.”

Not to be outdone, new and used import motorcycle sales surged ahead, up 16% on August last year.

Ends

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