NZ new vehicle market slowing after four years of record highs

Wed, 02 May 2018

By Tina Morrison May 3 (BusinessDesk) - Growth in sales of new vehicles in New Zealand is slowing after four straight years of record highs. Some 10,423 new vehicles were registered in April, down 2 percent from the 10,635 vehicles registered in April last year, according to Motor Industry Association data. Registrations of passenger and SUV vehicles fell 2.1 percent to 6,848, while commercial vehicle registrations slipped 1.8 percent to 3,575, marking the first time since December 2009 that both categories posted declines. Motor vehic...

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