Septem­ber 2018 New Ve­hi­cle Reg­is­tra­tions Soften Slightly

New Zealand Company Vehicle - - BRIEFS -

David Craw­ford, Chief Ex­ec­u­tive Of­fi­cer of the Mo­tor In­dus­try As­so­ci­a­tion says “Septem­ber 2018 new ve­hi­cle reg­is­tra­tions of 13,910 ve­hi­cles were down 4.0% (597 units) on Septem­ber 2017. Year to date, the mar­ket is up by 1.0% (1,161 units) com­pared to the first nine months of 2017. Reg­is­tra­tions of 9,432 pas­sen­ger and SUV ve­hi­cles for the month of Septem­ber were down 423 units on Septem­ber 2017, a de­crease of 4.3% and reg­is­tra­tions of 4,478 com­mer­cial ve­hi­cles were down by 174 units (3.7%) on Septem­ber 2017.” Toy­ota re­tained the over­all mar­ket leader with 21% mar­ket share (2,944 units), fol­lowed by Ford with 10% (1,369 units) and Mit­subishi with 9% mar­ket share (1,219 units). Toy­ota re­tained the mar­ket lead for pas­sen­ger and SUV reg­is­tra­tions with 21% mar­ket share (1,955 units) on the back of strong rentals for the month, fol­lowed by Mazda with 9% (812 units) and Mit­subishi with 8% mar­ket share (766 units). In the com­mer­cial sec­tor, Toy­ota re­tained the mar­ket lead with 22% mar­ket share (989 units) fol­lowed by Ford with 20% (901 units) and Mit­subishi third with 10% mar­ket share (453 units). The top sell­ing model for the month of Septem­ber was the Toy­ota Corolla with 872 units of which 643 were rentals, fol­lowed by the Ford Ranger with 802 units and then the Toy­ota Hilux with 667 units. Year to date, Toy­ota con­tin­ues to dom­i­nate the rental mar­ket with the top six spots oc­cu­pied by Toy­ota mod­els. “With the con­tin­ued high price of petrol and re­cent new fuel taxes, the trend to­wards down­siz­ing is be­com­ing more ap­par­ent. The SUV Medium seg­ment re­mains the top seg­ment for the month of Septem­ber with 18% mar­ket share. This was fol­lowed SUV Com­pact seg­ment with 14%, the Pick Up/chas­sis Cab 4x4 also with 14% of the mar­ket, and then Small Ve­hi­cle seg­ment with 11% mar­ket share” said Mr Craw­ford.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.