New Zealanders wrapped up the 2016-17 financial year by buying up big, this time setting record numbers for new vehicles for the month of March.
Motor Industry Association (MIA) figures show 13,869 new vehicles were registered last month, a number that puts March 2017 among the five strongest months since records began in 1975.
The record sales month in the past 41 years was October last year, when 14,709 new vehicles were logged by the NZ Transport Agency. The next best monthly tally was July 1984, with 13,983.
Registrations have gone beyond 13,000 three or four times over the past couple of years. “Growth in the new vehicle sector continues to surpass expectations,” said David Crawford, CEO of the MIA.
Figures on the NZTA books at the end of the first quarter of 2017 showed 39,477 new vehicles, compared with 34,316 for the same period last year. That’s growth of 15 per cent.
Registrations last year totaled 146,939 units, an average of 12,244 a month. After three months of 2017, they have averaged 13,159 a month.
A continuation of that would pan out to around 158,000 registrations in 2017, or 12,000 up on 2016.
March registrations were made up of 9230 passenger cars and 4639 commercials. The Ford Ranger ute was the best-seller for the month, with 810 units, followed by the Toyota Hilux (740), Toyota Corolla (396), Holden Colorado (380), Mitsubishi Triton (365), Kia Sportage (349), Toyota Hiace (336).