New car demand continues to break records as sales of SUVs now dominate, and growing construction sector drives light commercials. Tourism demand helps too

New car demand continues to break records as sales of SUVs now dominate, and growing construction sector drives light commercials. Tourism demand helps too
Ford Ranger, the largest selling vehicle in August 2016

The number of new vehicles sold in the past 12 months to August was an all-time record.

More than +98,000 new cars and more than +42,000 commercial vehicles were added to our roads in that 12 months, both records.

And that does not count the +144,000 used imports in the same period (not a record, but the highest in over ten years).

Of new vehicles sold in August, SUVs now represent 38% of registrations followed by passenger cars with 32% and the light commercial vehicles with a 25% share.

Toyota remains the most popular brand for both cars and SUVs, but the most popular individual vehicle is the Ford Ranger, a reflection of the booming construction industry.

The Ford Ranger is followed by the Toyota Corolla, the Toyota Hilux, the Holden Colorado and the Toyota RAV4.

Toyota has a 20% overall new vehicle market share, followed by Holden's 10%, Ford's 10% and Mazda's 8% market share.

Sales into the rental car market also remain strong, accounting for about 5% of all sales of new cars.

This data is from NZTA's new vehicle registration records. The Used Import data will be available early next week.

New vehicles sold

Select chart tabs ┬╗

The 'Passenger vehicle sales' chart will be drawn here.
Loading...
Source: NZTA
The ' Passanger vehicle sales - Annual' chart will be drawn here.
Loading...
Source: NZTA
The ' Passenger vehicles yoy%' chart will be drawn here.
Loading...
Source: NZTA
The ' Commercial vehicle sales' chart will be drawn here.
Loading...
Source: NZTA
The ' Commercial vehicles - Annual' chart will be drawn here.
Loading...
Source: NZTA
The ' Commercial vehicles yoy%' chart will be drawn here.
Loading...
Source: NZTA
The 'Used car imports' chart will be drawn here.
Loading...
Source: NZTA
The ' Used car imports - Annual' chart will be drawn here.
Loading...
Source: NZTA

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.

9 Comments

Comment Filter

Highlight new comments in the last hr(s).

My father sold up in Auckland earlier this year and plans to spend the differential in house price to travel. Across the road another ex Auckland couple have bought a brand new SUV. I wonder how much of the vehicle demand is coming from this quarter. If so it will collapse when the asset bubble collapses.

Sounds very much like 2006 USA. Let the good times roll.

Not just 2006 USA - It sound like pretty much every liquidity crisis we have seen.

Don't worry though, "it's a sign that the economy is going really well"

Reminds me of Greece, let's hope we don't end up in the same boat.

11
up

As I mentioned on another thread,friend has refinanced and is now driving a new Ford Ranger.Looks great at sports events,doesn't look too good in supermarket carparks (parking issue) and his ungrateful kids and snooty wife have remained the same.
Some things never change inspite of the vehicle you drive and the money you owe.

Envious comments above ?

Freehold home,low mileage 10 year old car,money in the bank,shares on the nzx,shares in a forestry block ll this despite not having worked for the last 2 years.
Envious ,I think not.

Envious of someone getting into debt to buy a car? lol. Not all of us are vain enough to buy shit we cannot afford just to impress people

So much for cycling, green technologies and new urbanism. Remember when people believed in peak oil they said "the oil age won't end because we run out of oil", they didn't say "the oil age won't end because we won't run out of oil ".
http://blogs.ei.columbia.edu/2012/01/09/evolutionary-psychology-of-clima...