New vehicle registrations in second best month ever
New vehicle registrations came close to breaking records in September, the second highest month ever.
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Hawke’s Bay
New vehicle registrations came close to breaking records in September, with 13,884 new vehicles on the road, the second highest month ever.
Registrations were up 11.3% on a year earlier and it was the highest number for the September month since records began. The boom in new registrations is being put down to the increase in migration, strong economy, and record low interest rates.
The current record for monthly vehicle registrations was set in July 1984, when Robert Muldoon called a snap election, with 13,983 vehicles being snapped up by buyers.
The market is up 7.6% to 107,265 in the first nine months of the year compared to the same period in 2015.
"If registrations of new vehicles continue at this pace, then it is possible we could see more than 140,000 new vehicles registered in a year for the first time," Motor Industry Association chief executive David Crawford said.
In September 2016, there were 9704 passenger and SUV registrations, and 4180 commercial vehicle registrations.
The Toyota Corolla was the top-selling passenger model in September with a 5% market share, followed by the Hyundai Tucson with 4% share and the Kia Sportage on 3%. The Ford Ranger was the top-selling commercial model with 18% share, followed by the Toyota Hilux with 13% share and the Holden Colorado at 10%.
(BusinessDesk)
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Edwin Mitson
Wed, 05 Oct 2016
Wed, 05 Oct 2016
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New vehicle registrations in second best month ever
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