October sets sales record

MEDIUM SUVS DOMINATE 14,709 NEW VEHICLE SALES IN RECORDSETTING MONTH

The Toyota RAV4 was the top selling medium SUV ( above); Mazda CX- 5 AWD ( right). confidence in the performance of the New Zealand economy,” said Manley.

Registrations of new vehicles were up 16 per cent on October 2015 and are 9605 units ahead year to date compared to this time last year.

For the month of October there were 10,795 passenger and SUV vehicle registrations, and 3914 commercial vehicle registrations.

Toyota was the overall market leader for the month of October with 22 per cent market share, with Holden second on 13 per cent and Ford third with 11 per cent.

Toyota remains the passenger car and SUV market leader, with Holden second and Mazda third.

Ford retained the commercial vehicle market, thanks to the strength of Ranger ute sales, followed by Toyota and Holden third.

Year to date the Ranger stretched its lead as the top- selling commercial model and vehicle with 7173 registrations while the Toyota Corolla hit 4789 registrations so far in 2016.

The Corolla was the top- selling passenger model for the month with 1210 car registered, followed by the Toyota Yaris ( 362) and the Holden Commodore ( 356). The rental market accounted for the Corolla and Yaris dominance in the passenger market.

Four vehicles in the top 10 passenger market in October were medium sized SUVs. Toyota’s RAV4 sat at second spot, Kia’s Sportage was third, Mazda CX- 5 was fourth, and Hyundai’s Tuscon was eighth.

The medium SUV segment makes up 14 per cent of registrations year to date, with utes and small cars taking up 13 per cent each of the market.

In the premium vehicle market, Mercedes- Benz maintained its lead with 253 units registered in October, taking it to 2083 for the year to date, with BMWon 1552 and Audi on 1507.