Toyota NZ posts $88m profit, unfazed by regulatory speed bumps

Toyota NZ is headquartered in Palmerston North. (Image: File)

Thu, 15 Aug 2024

Toyota New Zealand’s profits accelerated last year despite regulatory speed bumps and difficult macroeconomic conditions.Its annual statements, made public on the Companies Office website on Thursday, show Toyota NZ’s after-tax profit rose 4.8% to $88.1 million in the year to March 31, 2024.The board wrote in the statements that despite an 11% contraction in the overall new vehicle market, Toyota secured a new sales record and was the market leader for the 36th consecutive year, with 22.6% of the market.According to recent data rele...

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