New Zealand new vehicle sales set a record for the third consecutive year.

Registrations of 146,753 units were up 9.5% year on year. December was also a record month with registrations also up 9.5%, to 11,225 vehicles.

Toyota led in December with 26% market share (2,917 vehicles) boosted by strong rental sales, followed by GM Holden with 9% (1,030 vehicles) and Ford also with 9% (965 vehicles).

For the full year, Toyota (18%), Ford (11%), Holden (10%), Mazda (8%) and Mitsubishi (6%), respectively, were the top five overall market leaders.

New passenger and SUV registrations of 8,069 vehicles in December were up 960 units (13.5%) on December 2015 sales of 7,109 vehicles.

Toyota remained the market leader for passenger and SUV vehicles with 29% market share (2,344 vehicles), followed by Holden with 10% (776 vehicles) and Mazda with 9% (714 vehicles).  For the 2016 year Toyota, Holden and Mazda were the passenger and SUV vehicle market leaders.  

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Overall the passenger and SUV market for 2016 was the strongest ever with 102,514 registrations, breaking a long-standing record dating back to 1973 when 97,346 passenger vehicles were sold.

"The 2016 record year marked a continued shift in buyer preference and market dynamics with for the first time in New Zealand history more SUVs being sold than passenger vehicles. SUVs accounted for 36% of the market (52,913 vehicles) compared to 35% for all other passenger vehicles (51,552) and 29% for commercial vehicles," said Motor Industry Association CEO David Crawford.