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

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