NZ new vehicle sales drop in June, still post second-best June ever

Mon, 02 Jul 2018

By Margreet Dietz July 3 (BusinessDesk) - New car sales dropped in June, as demand for commercial and passenger cars slid from the hot pace of the same period a year earlier amid slowing economic growth, a weakening currency and rising fuel prices, though the month still recorded the second-best June ever. New motor vehicle registrations sank 8.2 percent to 15,172 last month from the same period a year earlier, taking year-to-date sales to 80,036, or 0.5 percent higher than in the first six months of 2017, Motor Industry Association figu...

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