Retail

20,000 fewer new car registrations due to virus

Brent Melville
Wed, 03 Jun 2020

New car and commercial vehicle registrations were down by almost a third last month as restricted trading conditions reduced sales to 8,313 new vehicles, a year-on-year decline of almost 4,000 vehicles on last May's 12,259 cars. Overall, the covid-19 shutdown has seen almost 20,000 fewer new cars on the road in the past five months, reflecting the effective closure of trading during the April lockdown, where only about 10 percent of normal sales took place, according to Motor Industry Association sales numbers. Hard hit were sales in the...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
MARKET CLOSE: Kiwi falls on economic concern
Dan Brunskill | Thu, 24 Sep 2020

The kiwi dollar sank to its lowest level since late August as the safe-haven US currency continued to attract buying amid a sustained equity sell-off due to fears of recession.  

Policy
ELECTION 2020: Scared or excited about a Labour-Green govt?
Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation
The FMA is running out of patience
Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.