By Jenny Ruth
Dec. 4 (BusinessDesk) – The Motor Industry Association says the market for new vehicles is in a “steady as she goes” state with registrations falling 1.6 percent to 14,359 in November compared with the same month a year earlier.
Year-to-date registrations are up 1.4 percent on the same period last year.
“While growth in the new vehicle market remains only marginally up on 2017, the outturn year-to-date is encouraging,” said MIA chief executive David Crawford.
Toyota remains the market leader with a 22 percent share, followed by Ford and Holden with 10 percent respectively.
“Toyota retained the market lead for passenger and SUV registrations with 22 percent share of the market, followed by Holden with 10 percent and Hyundai with 9 percent market shares,” Crawford said.
In the commercial sector, Ford was the leader with 22 percent, followed by Toyota with 21 percent. Mitsubishi was in third place with 10 percent.
“The Ford Ranger regained the top commercial model for November and the top overall model for the month with 944 units, followed by the Toyota Hilux with 741 units and then the Toyota Corolla in third with 739 units,” Crawford said.
Year-to-date, the Ford Ranger was the top model with 9,300 units, followed by the Toyota Hilux with 7,499 units and the Toyota Corolla with 6,568 units.
The top three segments for November were the SUV medium and the Pick Up/Chassis 4×4, both with 16 percent, and the SUV compact with 13 percent.
The MIA represents New Zealand distributors of new cars, trucks and motorbikes.