If anyone thought there might be a chance the New Zealand car market might slow down during the start of 2017 then they would have been proved wrong. 2017 new vehicle registrations picked up exactly where they left, however at a much better rate as a total of 13,823 vehicles were registered. This is a massive 16% year on year increase and well ahead of the average 9.5% growth seen last year. What’s more exciting is January 2017 is the highest January on record for vehicle registrations
Motor Industry Association chief executive David Crawford says, “This is the strongest ever start to a new sales year with record levels of new vehicles purchased by New Zealand businesses and consumers across the passenger and commercial sectors.”
Commercial registrations accounted for 3,673 units (up 23%) whilst the Passenger Car and SUV registrations totalled 10,159 up 14%.
“As 2017 gets underway, nothing has changed with the economic environment that existed for most of 2016”, said Mr Crawford. “The key drivers to high levels of new vehicle sales are the continued high levels of net immigration, low costs of debt and a strong national economy”.
The overall market leader for the month of January was Toyota with a 17% market share, followed by Holden with 13% and Ford with 11% according to MIA.
Best Selling Brands
- Toyota – 2,342
- Holden – 1,764
- Ford – 1,566
- Mazda – 933
- Mitsubishi – 866
- Nissan – 754
- Suzuki – 731
- Hyundai – 608
- Kia - 603
- Volkswagen - 597
When we talk about the bestselling model, it won’t come as much of a surprise that the Ford Ranger wins this title for the month of January with 741 registrations. Coming in second was the Toyota Corolla with 590 registrations.
Best Selling Make
- Ford Ranger - 741
- Toyota Corolla - 590
- Toyota RAV4 – 556
- Toyota Hilux – 447
- Holden Captiva – 362
- Holden Colorado – 360
- Holden Commodore – 348
- Suzuki Swift – 343
- Kia Sportage – 340
- Nissan Navara - 276
