Sales of new motor vehicles soared in 2012, topping 100,000 units for only the third time since 1990.
Perry Kerr, chief executive of the Motor Industry Association, says preliminary industry registration data shows a 19% increase over 2011.
“[This] was an outstanding result in an apparently depressed economy,” he says.
Market leader Toyota continued its now 25-year dominance of the new vehicle market with an all-time record year.
It sold nearly 15,000 passenger cars and more than 6600 commercial vehicle for a total of 21,620 registrations.
MIA data for December saw a total of 7750 registrations, pushing the annual total to 100,794 sales for the year, broken down by 76,870 passenger cars, up 20.7% and 23,924 commercial vehicles, up 16 % on 2011.
Ford was in second place with 11,132 registrations and Holden third with 9446.
In the luxury car market, BMW finished in first position with sales of 1646 ahead of Audi (1540) and Mercedes Benz (1094).
The top selling passenger car models for the year were the Toyota Corolla (5324), followed by the Suzuki Swift (3321) and the Holden Captiva (2506).
In the commercial segment, the Toyota Hilux retained first position (4182) followed by the Ford Ranger (2815) and the Nissan Navara (2586).
This article is tagged with the following keywords. Find out more about MyNBR Tags
- MARKET CLOSE: NZ stocks rise along with global markets; Metro Glass, Xero, A2 lead gainers
- Bill English says NZ well placed to deal with Brexit turmoil
- NZ dollar gains as Brexit-induced volatility eases
- Government ditches private partner to build Christchurch Convention Centre alone
- StretchSense attracts investment from Japanese e-commerce giant
Most listened to
- Google tax: Spark boss Simon Moutter says everything's above board with Southern Cross' use of tax-haven Bermuda
- Diversity advocate Adriana Gascoigne says companies with women on their boards are worth more
- The Brexit Special Edition of Foreign Affairs Scope with Nathan Smith
- In his Editor's Insight Nevil Gibson sees the worst Brexit fears realised
- The Australians doing it better? Chapman Tripp partner Roger Wallis explains