New car regos up
TOURISTS visiting New Zealand for a slice of our Kiwi summer have been credited with propelling new car registrations to their highest December result ever.
A total of 11,570 new cars were registered on our roads in December according to Motor Industry Association (MIA) data, topping off a bumper year for the industry which surpassed 150,000 registrations in a year for the first time.
“A continued robust tourism sector, which in turn drove healthy sales of rental vehicles, helped to make the month of December the strongest on record,” said David Crawford, chief executive officer of the MIA.
“The month of December was up 9.6 percent (980 units) on December 2016 and took the 2017 calendar year to an all-time new record, the fourth year in a row, with a total of 159,871 registrations on corrected figures.
“Registrations for the 2017 year were 9 percent (13,118 units) above the 2016 outturn.”
The total registrations of passenger and SUVs for 2017 were up by 5.8 percent (5945 units) and commercial vehicles by 16.2 percent (7173 units) compared to the 2016 number.
The top two segments for the year were SUV medium vehicles with 17 percent share (26,515 units) followed by the Pick Up/Chassis Cab 4x4 segment with 14 percent (22,175 units). SUV large and SUV compact round out the top five spots with 11 percent each of the market.
For the month of December, Toyota remains the overall market leader with 26 percent market share (2992 units), followed by Holden with 10 percent (1142 units) and Mitsubishi with 8 percent market share (947 units).
Toyota was also the market leader for passenger and SUV registrations with a 29 percent market share (2397 units) followed by Holden with 8 percent (669 units) closely followed by Mitsubishi also with 8 percent market share (662 units).
The top-selling passenger and SUV models in December showcased the strong demand for rental vehicles.
The Toyota Corolla (1116 units) was the top-selling model — 1011 of which were rentals — followed by the Toyota RAV4 (516 units, 309 were rentals) and the Mitsubishi ASX (287 units).
In the commercial sector, Ford was the market leader in December with 19 percent (657 units) followed by Toyota with 17 percent (595 units).