CORRECT: NZ new vehicle sales rise in November, heading for a record in 2014

Tue, 02 Dec 2014

(Corrects total for new commercial vehicles in fifth paragraph) By Tina Morrison Dec. 3 (BusinessDesk) - New Zealand new vehicle sales reached their highest ever for November with 2014 expected to be a record year as a buoyant local economy and cheaper prices underpin demand. Registrations for new vehicles rose 7.6 percent to 11,176 in November from the previous record for the month in 2013, the Lower Hutt-based Motor Industry Association said in a statement. New vehicle registrations are 13 percent ahead of the same time last year...

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