NZ new vehicle sales jump to record in October, headed for highest ever in 2014

Mon, 03 Nov 2014

By Tina Morrison Nov. 4 (BusinessDesk) - New Zealand new vehicle sales reached a record in October and are on track for the highest ever annual total this year as a buoyant local economy and cheaper prices underpin demand. Registrations for new vehicles rose 12 percent to 12,023 in October from the year earlier month, the Lower Hutt-based Motor Industry Association said in a statement. That surpassed the previous October 1984 record of 10,724 to be the strongest print for the month since the association began collecting records in 1975, i...

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