New vehicle registrations fall in March as market softens further

Tue, 02 Apr 2019

By Rebecca Howard April 3 (BusinessDesk) - New Zealand new vehicle registrations fell in March as the market continues to soften, data from the Motor Industry Association showed. March 2019 total new vehicle registrations fell 757 units, or 5.4 percent, compared to the previous March to 13,271 units. Year-to-date they were down 3.7 percent or 1,485 units compared to the first three months of last year. This indicates "a softening market," chief executive David Crawford said. Over the last couple of years the market has been buoyed by...

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