NZAI doubles its loan book & EV sales

NZAI chair Karl Smith and chief executive David Page ring the NZX bell

Fri, 28 May 2021

NZX-listed car dealer NZ Automotive Investments has more than doubled its loan book as the company moves towards providing finance alongside its car sales.NZAI’s subsidiary NZ Motor Finance wrote 461 loans in the year ended March, expanding its total loan book from $1.6 million to $3.8m.Chief executive David Page said growing the automotive loan book was a key focus for the newly listed company.“We also have a long-term strategy when it comes to electric and hybrid vehicles – this will be an area of focus to grow market share,...

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