New vehicle sales rise 14% in September
(BusinessDesk) New Zealand new vehicle sales rose 14%in September, providing a bright light in the current gloomy economic environment, the Motor Trade Association says.
New vehicle sales increased to 8690 last month from 7628 compared in the same month a year earlier, the association says. New car sales rose 17% to 6637, making 2012 the strongest September in four years.
"There are still plenty of aggressive marketing campaigns out there and buyer interest remains strong," MTA spokesman Ian Stronach says.
"With the New Zealand dollar remaining at close to historically high rates, a new vehicle is stacking up as a compelling proposition for more and more people."
The kiwir is currently trading near its recent six-month high at 81.95 US cents.
The new commercial vehicle market was strong, with sales of new units up 6% to 2053 on a year earlier, making it the strongest September in five years.
The top-selling passenger car brand was Toyota, increasing its market share by 18%, followed by Holden, up 11% and Ford gaining 9%.
The top-selling model was the Toyota Corolla at 453 units and the Suzuki Swift at 351.
New Zealand retail sales rose more than expected in the June quarter as people spent a record amount on cars and vehicle parts since the series began in 1995.
The total volume of spending rose a seasonally adjusted 1.3% to $17.25 billion in the three months ended June 30, Statistics New Zealand says, led by a 7.3% boost in expenditure on motor vehicles and parts.