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

 

2017 Fourth Record Year in Row for New Vehicle Registrations

2017 Was the Fourth Record Year in a Row for New Vehicle Registrations

David Crawford, Chief Executive Officer of the Motor Industry Association says, “a continued robust tourism sector, which in turn drove healthy sales of rental vehicles, helped to make the month of December the strongest on record with 11,570 new vehicle registrations. The month of December was up 9.6% (980 units) on December 2016 and took the 2017 calendar year to an all-time new record, the fourth year in a row with a total of 159,871 registrations on corrected figures. Registrations for the 2017 year were 9.0% (13,118 units) above the 2016 outturn.”

The total registrations of passenger and SUVs for 2017 were up by 5.8% (5,945 units) and commercial vehicles by 16.2% (7,173 units) compared to the 2016 outturn.

For the month of December, Toyota remains the overall market leader with 26% market share (2,992 units), followed by Holden with 10% (1,142 units) and Mitsubishi with 8% market share (947 units).

Toyota was also the market leader for passenger and SUV registrations with a massive 29% market share (2,397 units) followed by Holden with 8% (669 units) closely followed by Mitsubishi with 8% market share (662 units). The top selling passenger and SUV models for the month were the Toyota Corolla (1,116 units of which 1,011 were rentals) followed by the Toyota RAV4 (516 units of which 309 were rentals) and the Mitsubishi ASX (287 units).

In the luxury sector passenger and SUV sector, Mercedes-Benz retained the 2017 market leader spot with 2,540 registrations, followed by Audi with 2,060 registrations and BMW with 1,954.

In the commercial sector, Ford was the market leader with 19% (657 units) followed by Toyota with 17% (595 units) and Holden third with 14% market share (473 units). The Ford Ranger retained the top spot as the bestselling commercial model with 17% share (597 units) followed by the Toyota Hilux with 13% share (442 units) closely followed by the Holden Colorado also with 13% (439 units).

For the second year in a row, the Ford Ranger remained both the top commercial vehicle model and the top model overall with 9,420 registrations compared to 8,106 for the Toyota Hilux and 7,797 registrations for the Toyota Corolla.

Vehicle segmentation for the 2017 year reflects the changing patterns of new vehicle registrations with SUV’s and light commericals dominating the market, and only the small vehicle segment breaking into the top five spots with 12% share. The top two segments for the year were SUV medium vehicles with 17% share (26,515 units) followed by the Pick Up/Chassis Cab 4x4 segment with 14% (22,175 units). SUV large and SUV compact round out the top five spots with 11% each of the market.

“Distributor expectations for 2018 indicate maintenance of current levels of activity, but further steady growth in the new vehicle sector above 2017 outturn is not expected.” said Mr Crawford.


ENDS.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:

Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>

ALSO:

Economy: Funding For 85% Of NZ Not-For-Profit Entities Impacted By COVID-19

Results of a recent Institute of Directors poll show that 85% of board members on not-for-profit organisations say COVID-19 has moderately or significantly affected their funding. The ‘pulse check’ conducted in the first two weeks of July looked ... More>>

Volcano Detection: Eruption Alert System Would Have Given 16 Hours’ Warning At Whakaari

An alert system that could have given 16 hours’ warning of last year’s eruption at Whakaari/White Island is ready for deployment, University of Auckland scientists say, with warning systems for Ruapehu and Tongariro the next priority. ... More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO:

Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>

RNZ: Economic Activity And Business Confidence Bouncing Back

Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. More>>

ALSO: