BREAKING NEWS
Kiwi, Aussie hostages released by Nigerian kidnappers ... Read more
Close

New vehicle sales surge

JASON KRUPP
Last updated 10:45 05/02/2013

Relevant offers

National business

NZ cigarette plain packaging law would see Imperial Tobacco sue for compensation Small number of taxpayers bear the brunt of New Zealand tax bill Hate the bank? Start one yourself New Zealand ranks 4th in prosperity index Stallholders win compensation after being evicted from Womad Trade Minister to meet with EU and UK to discuss impact of Brexit on Kiwi exporters McDonald's registers 'McDelivery' service trademark in New Zealand Hamilton Configure Express gym members locked out Modest two-bedroom home in Mangere Bridge fetches $1.7million at auction Powerful NZ dame: UK ties to become deeper, stronger and more significant

New vehicle sales recorded one of the strongest January months on record, with the pent up demand seen in 2012 spilling over into the New Year.

According Motor Industry Association figures, 9293 new vehicles were registered in the month, up 7 per cent on January 2012.

"This is a very encouraging result and builds on a very successful 2012," said MIA chief executive Perry Kerr. New vehicle registrations rose 19 per cent in the 12-months to December 31.

Commercial vehicles registrations saw the biggest gains in the month, up 61.4 per cent to 1908 compared to a year ago.

The gain comes from a low base due the Thailand floods a year ago which kept supplies commercial vehicle tight. Even so it is still the highest monthly commercial sales figure since 1982.

January is typically a month when many businesses replace their fleets, which could also account for some of the momentum.

Passenger car registrations slipped 1.5 per cent in the month to 7385, but Kerr noted it was only the fourth time since 1975 that sales in a January month exceeded 7,000 units.

Toyota was the market leader, taking 20.8 per cent of total registrations, three quarters of which were for passenger vehicles. That was followed by Holden, with 12.3 per cent, and Hyundai with 9.3 per cent.

In the commercial segment Ford was second, followed by Nissan.

The top selling model for the month was the Toyota Corolla, followed by the Holden Cruze and the Suzuki Swift.

In the commercial segment the Toyota Hilux took top spot, followed by the Nissan Navara and Ford Ranger.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content