New vehicle registrations in New Zealand defied the economic gloom with a strong bounce-back in June.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Sales rose 20% compared with May to 6,753 new cars, a 5.5% increase on June 2007.
New commercial vehicle sales of 2,877 were 44% up on May and the best June result since 1982.
“This is confirmation that the era of imported used vehicles dominating the New Zealand vehicle market is all but over,” said Perry Kerr. CEO of the Motor Industry Association.
“Despite an economy going through tough times, new vehicle sales are continuing at the highest levels seen in the last 20 years.”
Toyota continued to dominate the new vehicle market with a year to date share almost double that of its nearest rival.
The top selling new car in June (and year to date) was the Toyota Corolla, ahead of the Holden Commodore.
