NZ new vehicle sales rise 16% to reach new record in January

Thu, 02 Feb 2017

By Tina Morrison Feb. 3 (BusinessDesk) - New Zealand new vehicle sales hit a record in January, signalling no imminent slow down from three straight years of record sales. Registrations of new vehicles jumped 16 percent to 13,823 in January from the year-earlier month, the highest level ever record for the month, according to the Motor Industry Association. The new car market has been on a tear, with registrations up 9.5 percent last year to hit the highest ever annual tally of 146,753, as the economy is buoyed by low interest rates an...

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