NZ new vehicle sales post modest gains in July, heading for annual record

Wed, 02 Aug 2017

By Tina Morrison Aug. 3 (BusinessDesk) - New Zealand new vehicle sales rose at a modest pace in July following a record month in June, keeping the industry on track to hit their highest ever level this year. Registrations of new vehicles edged up 0.5 percent to 11,631 in July from the year earlier month, according to the Motor Industry Association. Passenger car and SUV registrations slipped 1 percent to 7,605, while commercial vehicle registrations rose 4.3 percent to 4,026. Motor vehicle registrations in the first seven months of thi...

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