CORRECT: NZ new vehicle sales post record for a third year in 2016 as Toyota cedes market share

Tue, 10 Jan 2017

(Remove final paragraph using 11-month data) By Paul McBeth Jan. 10 (BusinessDesk) - New Zealand new vehicle sales rose to a new record in 2016, its third year of breaking new territory, as popular car maker Toyota lost market share through the year. New vehicle registrations rose 9.5 percent to 146,753 in calendar 2016, of which passenger vehicles were up 8 percent to 102,514 and commercial vehicles rose 13 percent to 44,239, Motor Industry Association figures show. Toyota remained the most popular passenger vehicle, with market...

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