New Zealand new vehicle registrations fell 13.5% year on year to 12,259 units in May, indicating, the Motor Industry Association (MIA) said, “a significant softening of the vehicle market”.
The May 2019 result was better than for the same month in 2016 but weaker than in the two previous record years.
YTD sales to the end of May 2019 were down 4.9% to 61,807 units.
Total registrations of 7,624 passenger and SUVs last month were down a “whopping” 17.8% on 2018 volume while commercial vehicle registrations of 4,635 were down 5.3%.
In May, Toyota remained overall market leader with a 15% market share (1,893 units), followed by Ford with 11% (1,337 units) and Holden regained third sport with 8% market share (1,002 units).
Toyota was also the market leader for passenger and SUV registrations with 14% (1,086 units) followed by Mazda with 9% (707 units) and then by Hyundai also with 9% market share (688 units).
The top selling passenger and SUV models for the month were the Toyota RAV4 (492 units) followed by the Hyundai Tucson (301 units) and the Mazda CX5 (224 units).
In the commercial sector, Ford retained market lead with 22% share (1,009 units) followed by Toyota with 17% (807 units) and Mitsubishi third with 11% market share (514 units).
The Ford Ranger remained the bestselling commercial model with 19% share (878 units) followed by the Toyota Hilux with 12% share (552 units) with the Mitsubishi Triton in third with 11% market share (514 units).
Vehicle segmentation for May 2019 continued recent trends with SUVs and light commercials dominating the market. The top three segments for the month were SUV medium vehicles with 19% share followed by the Pick Up/Chassis Cab 4×4 segment with 18% share and the SUV Compact in third with 13% market share.
Year to date the five top selling models were all utes, with the Ford Ranger in the lead with 4,022 units, followed by the Toyota Hilux with 2,788 units, Mitsubishi Triton in third with 2,518 units, Holden Colorado with 1,986 and in fifth spot the Nissan Navara with 1,623 units.
“The outturn for May 2019 indicates the new vehicle market is softening, consistent with weaker regional vehicle sales in 2019 across Australia and New Zealand,” said MIA CEO David Crawford.