NZ new vehicle sales hit record in February on demand for commercial models

Wed, 02 Mar 2016

By Tina Morrison March 3 (BusinessDesk) - New Zealand new vehicle sales rose to a record for a second consecutive month in February, driven by demand for commercial models. Registrations increased 4.4 percent to 10,313 in February, compared with the year-earlier month, eclipsing February 1984 as the highest level ever recorded for the month, according to the Lower Hutt-based Motor Industry Association. Commercial vehicle registrations rose 11 percent to 3,121, the highest for a February month, while passenger vehicle registrations gained...

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