NZ new vehicle sales jump 8.1% to 31-year high in February

Tue, 03 Mar 2015

By Tina Morrison March 4 (BusinessDesk) - New Zealand new vehicle sales rose 8.1 percent in February to the highest level for 31 years, reflecting buoyant economic conditions. New vehicle registrations rose to 9,877 in February from 9,139 in the year earlier month, the highest reading for a February month since 1984, according to the Lower Hutt-based Motor Industry Association. Sales of passenger vehicles rose 7.4 percent to 7,056, the highest level for a February month in 26 years, while commercial vehicle sales jumped 9.9 percent to 2,8...

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