Sales of new vehicles in New Zealand continue to run counter to the general economic direction and the fall-off in the property market, a local trade group said.
Go deeper with GlobalData
6,175 new cars were registered in February, 6.6% ahead of February 2007 and more than any other February since 1989. Registrations of new commercial vehicles were up 18.4% to 2,004, the best result for the month since 1984.
“This is an amazing start to the year,” said Motor Industry Association CEO Perry Kerr. “After a record January, sales in February continued at an unabated pace on a seasonally adjusted basis. It’s clear that the new vehicle industry is showing more resilience than a number of other sectors.”
Toyota extended its lead as top selling brand, and second place GM Holden is establishing a margin ahead of Ford.
Amongst individual models, Holden’s Commodore took the lead over Toyota’s Corolla for the month of February, but the Corolla remained top year to date. The Suzuki Swift was third year to date.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
