SUV SALES SURGE
SUVs are set to be half of all new vehicle sales in New Zealand
Kiwi demand for Sports Utility Vehicles is among the highest in the world with annual growth up to 44 per cent. Automotive industry experts are picking the sales trend to continue.
Some are even predicting that SUVs will equate to half of all new passenger cars sold within the next three years. They already represent 47 per cent of cars sold this year.
The fastest growing category across new passenger and commercial sales, SUV sales growth has been at around 27 per cent per annum for the past five years. Last year 37,000 new SUVs were sold, compared to 53,000 passenger cars.
Improved fuel efficiency and safety features, greater range availability and better priced European models are contributing to the sales lift.
For instance, Volvo’s New Zealand SUV sales are up 130 per cent, increasing at a faster rate here than anywhere else in the world.
The new Volvo CX90 is one of the models attracting Kiwi car buyers to SUVs.