With 9,356 new vehicles (7,433 cars and 1,923 commercials), registered in New Zealand in October, the booming market shows no signs of abating, the country’s Motor Industry Association said.
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October was the strongest month of 2003 for new car sales year to date, the best October for new car sales since 1984 and the best for commercial vehicle sales since 1990.
With two months of the year to go, the 2003 new car market already exceeds the full year total for every year between 1997 and 2001.
“Conservative projections indicate that the 2003 full year new car market will easily surpass that of 2002 (itself the best year since 1996) and will be the strongest since 1990. New commercial vehicles are on target to experience their best market since 1985,” the MIA said.
“The turnaround started in 1999 after the removal of tariffs on new vehicles the previous year, and gathered momentum as reduced depreciation fed into the used car market from 2002 onwards,” said MIA CEO Perry Kerr. “It’s encouraging that all sectors of the new vehicle market are continuing to fire, from private purchasers to the rental sector.”
Top car brands Jan-Oct 2003
1. Toyota 9,808 16.74%
2. Ford 9,425 16.08%
3. Holden 9,083 15.50%
4. Mitsubishi 5,884 10.04%
5. Honda 3,790 6.47%
6. Nissan 3,621 6.18%
7. Mazda 2,825 4.82%
8. Subaru 1,353 2.31%
9. Hyundai 1,295 2.21%
10. BMW 1,269 2.17%
Total YTD car sales: 58,599
Top car models Jan-Oct 2003
1. Holden Commodore 5,830
2. Ford Falcon 5,384
3. Toyota Corolla 3,552
4. Mazda 6 2,116
5. Mitsubishi Lancer 1,929
6. Ford Mondeo 1,900
7. Toyota Camry 1,899
8. Mitsubishi Diamante 1,828
9. Holden Astra 1,396
10. Toyota RAV4 1,366
