NZ new car sales hit record in January on demand for commercial vehicles

Tue, 02 Feb 2016

By Tina Morrison Feb. 3 (BusinessDesk) - New Zealand new vehicle sales rose to a record in January, as demand for commercial models offset a decline in passenger registrations. Registrations increased 1.9 percent to 11,893 in January, compared with the year-earlier month, marking the strongest January on record, according to the Lower Hutt-based Motor Industry Association. Commercial vehicle registrations increased 13 percent to 2,657, the highest ever recorded for a January month, while passenger vehicle registrations slipped 1.2 percen...

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