NZ new vehicle registrations fall in January as market softens

Mon, 04 Feb 2019

By Rebecca Howard Feb. 5 (BusinessDesk) - New Zealand new vehicle registrations fell in January as the market continues to soften, the Motor Industry Association said. “As 2019 gets underway, the economic environment that existed this time last year and before that has begun to fundamentally change, albeit slowly. However, levels of new vehicle sales, while softer than this time last year, remain at historically high levels," said MIA chief executive David Crawford. The market has been buoyed by low interest rates, record migration and...

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