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...
Finance
NZ banks' credit losses to rise to 12x 2019 level - S&P
Jenny Ruth | Fri, 10 Jul 2020

New Zealand banks' credit losses will rise to about 12 times those in 2019 before easing because of the coronavirus crisis, according to international ratings agency Standard & Poor's. "A contracti...

Infrastructure FREE
Rio Tinto may be open to longer phase-down of Tiwai: Meridian
Jenny Ruth | Fri, 10 Jul 2020

A longer phase-down period for the Tiwai Point aluminium smelter may be possible.

Election 2020
ELECTION 2020: National’s ex-spy trainer Yang to retire
Victoria Young | Fri, 10 Jul 2020

National List MP Jian Yang will quit politics at this year’s election, after serving three terms in Parliament. Yang has been a controversial MP due to his involvement as an academic training Chine...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.