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:

NZ dollar steady ahead of RBA speech, NZ rate decision
Govt plans to clamp down on unfair commercial practices well received
Loyalty scheme members not exclusive customers, fuel inquiry hears
S&P raises UDC Finance's credit rating to 'BBB+'
Company loses $270m claim over infant formula factory
ANZ ties $50m loan for Synlait to environment, social and governance measures
Tower to raise $47.2m at a discount to buy Youi, bolster balance sheet again
Summerset moving ahead with Australian expansion plans
24th September 2019 Morning Report
NZ dollar pares losses ahead of RBNZ rate decision

IRG See IRG research reports