New car registrations recover after disasters

November's new vehicle registrations rose 17 per cent on the same 2011 month, after recoveries in Christchurch demand and Japanese supply.

Natural disasters hit both areas.

NZ Transport Agency figures show 8518 new vehicles were registered in November. Commercial vehicle registrations rose 24.5 per cent to 2097 on November 2011, while passenger car registrations increased 14.9 per cent.

The data measures New Zealand's new car sales, most of which are made in Asia. About 65 per cent of these are supplied as fleet vehicles to businesses.

At November 30, new vehicle registrations were running 19 per cent ahead of 2011's year-to-date period - just over 93,000 units.

Motor Industry Association chief executive Perry Kerr said new car suppliers' goal of reaching the pre- recession level of over 100,000 new car sales in New Zealand "looks achievable". The car firms he represented had only estimated a 4 per cent rise in the number of new vehicles being sold here over the year, but purchasing was boosted by Christchurch's rebuilding activity.

"What we've seen over the past year and this year is companies coming back in, there's more confidence and they're purchasing, plus we've got stock back in line. Christchurch is having an impact on the light commercial vehicle market," he said. Fairfax NZ

Taranaki Daily News