Sharechat Logo

New car sales exceed March expectations, MTA says

Thursday 5th April 2012

Text too small?

New car sales exceeded expectations in March, led by an increase in the number of new car passenger sales.

The number of new vehicles rose 3 percent to 8,528 in March from a year earlier, the Motor Trade Association said, citing NZ Transport Agency figures.

“There is a good amount of economic optimism out there – certainly more than some commentators had predicted,” said Ian Stronach, market and communications general manager at the Motor Trade Association. “Even though the market had figured these factors in, there are a few operators who have been surprised at the size of the market,” he said.

New passenger car sales rose 7 percent to 6,499 units, while the number of new commercial vehicle sales fell 152 units to 2,029.

“While commercial vehicle sales have been a little soft, strong new car sales are perhaps reflecting an upswing in our economic fortunes,” Stronach said.

Toyota was the top passenger brand holding a 15 percent share of sales, followed by Hyundai and Holden both on 10 percent. Toyota was also the top selling brand among commercial vehicles with 25 percent sales.

It was followed by Ford on 14 percent and Nissan on 13 percent.  Motorcycle sales bucked the trend with sales down 35 percent to 498 units.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report