Mar­ket still strong de­spite supply con­straints

New Zealand Company Vehicle - - BRIEFS -

David Craw­ford, Chief Ex­ec­u­tive Of­fi­cer of the Mo­tor In­dus­try As­so­ci­a­tion says, “Reg­is­tra­tion of 10,635 ve­hi­cles for the month of April con­firms ro­bust growth in the new ve­hi­cle sec­tor. It could have been even greater if it were not for supply con­straints faced by some dis­trib­u­tors. Year to date the new ve­hi­cle sec­tor is 13 per­cent (5,804 units) ahead of this time last year with 50,059 ve­hi­cles reg­is­tered com­pared to 44,210 to the end of April 2016.” Pas­sen­ger car and SUV reg­is­tra­tions of 6,996 units were marginally up 3.0 per­cent (207 units) above April 2016. There were 3,639 com­mer­cial ve­hi­cle reg­is­tra­tions for the month of April, strongly up by 15.5 per­cent (489 units) on April 2016. It was the strong­est month of April on record for the reg­is­tra­tion of new com­mer­cial ve­hi­cles.

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