The end of the financial year on 31 March signalled another surge in new vehicle sales in New Zealand.
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Compared with February, new car sales for the month rose 19% to 7,114 and new commercial vehicle sales, at 2,629, were up 44% month on month. Year to date March, total new vehicle sales rose 5.7% on the same period in 2005.
Passenger car sales now total 19,373 year to date while 5,941 commercial vehicles have been sold.
“The market has been posting new monthly records for the last four years,” said Motor Industry Association CEO Perry Kerr.
“This was the biggest March for new cars since 1990, and the biggest for new commercials since 1985. Despite all the comments about a softening economy, new vehicle buyers continue to display a high level of confidence in the sheer value that’s on offer.”
Toyota leads the market followed by GM unit Holden. In commercial vehicles, Toyota has so far sold over double the volume of its nearest rival.
Holden’s Commodore led Ford’s Falcon and Toyota’s Corolla in the top model stakes in March but the Corolla remained second year to date.
