NZ new vehicle sales rise in July, headed for third straight annual record

Tue, 02 Aug 2016

By Tina Morrison Aug. 3 (BusinessDesk) - New Zealand new vehicle sales rose in July, with continued monthly gains signalling a new annual record may be set this year. Registrations of new vehicles rose 12 percent to 11,570 in July from the year earlier month, according to the Motor Industry Association. Motor vehicle registrations in the first seven months of this year are 6.2 percent ahead of the same period last year at 80,704. That suggests vehicle sales may be headed for a third straight annual record this year, as the economy is b...

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