NZ new vehicle sales rise to a record in May, led by commercial models

Thu, 02 Jun 2016

By Tina Morrison June 3 (BusinessDesk) - New Zealand new vehicle sales rose to an all-time high in May, led by record demand for commercial models. Registrations jumped 11 percent to 11,180 in May from a year earlier, marking the strongest May since the Motor Industry Association began collating the data in 1975. Commercial vehicle registrations rose 15 percent to 3,678, the highest ever recorded for the month of May, while passenger vehicle registrations gained 9.7 percent to 7,502. New Zealand vehicle sales have hit annual records fo...

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