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


Global logistics issues delay Toyota deliveries

Although orders for new Toyota vehicles are growing in New Zealand due to consumer buying confidence and new model launches, delivery times are being delayed by a range of supply issues overseas.

“The effects of COVID-19, closed borders and delayed shipping and logistics into New Zealand are severely impacting all operational areas of our business,” says Neeraj Lala, Toyota New Zealand Chief Executive Officer.

“We have seen greater than a 30% reduction in our new and used vehicle sales due to the closure of the borders, and we are forecasting a minimum of ten years impact to our overall value chain including reduced parts and service.”

Supply chain disruptions due to COVID-19 and congested ports are the main cause of vehicle supply delays, although this is exacerbated by high global demand for new Toyota vehicles.

There is also further disruption in logistics with global shipping delays impacting new vehicles, used vehicles from Japan and parts, which has an effect on delivery schedules to customers in New Zealand.

Delivery of certain Toyota models into New Zealand are delayed by an average of six weeks due to production and international shipping constraints.

Mr Lala says the company is enormously grateful customers are showing patience but accepts that on-going delays will impact future sales as customers become frustrated.

“We are doing everything we can, but global demand and supply restrictions combined with shipping delays are fuelling customer frustration. We are providing customers with updates as often as we can but these timeframes are fluid.”

The delays are affecting most new models, with popular new vehicles such as the 2021 Hilux and RAV4 hybrids experiencing higher than normal wait times around the world, not just New Zealand.

Mr Lala says deliveries up to March 2021 are impacted and there is potential for delays to continue until the middle of the year.

“We currently have 3,297 retail orders as at the end of November, which is a good position for Toyota New Zealand to be in but that means 72 percent of vehicles arriving in the country are pre-sold which is unprecedented for Toyota as demand for low emission hybrids continues to surge,” he says.

© Scoop Media

Business Headlines | Sci-Tech Headlines


TradeMe: Property Prices In Every Region Hit New High For The Very First Time

Property prices experienced their hottest month on record in December, with record highs in every region, according to the latest Trade Me Property Price Index.\ Trade Me Property spokesperson Logan Mudge said the property market ended the year with ... More>>

Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>


OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>