NZ new vehicle sales soar to record in 2015

Wed, 06 Jan 2016

By Tina Morrison Jan. 7 (BusinessDesk) - New Zealand new vehicle sales soared to a record last year, led by demand for commercial vehicles. New vehicle registrations increased 5.4 percent to 134,041 in 2015, surpassing 2014's record 127,179, according to the Lower Hutt-based Motor Industry Association. Commercial vehicle registrations rose 6.6 percent to set a new annual record of 39,077, with the Ford Ranger the top selling model for the year, marking the first time a commercial vehicle has outsold a passenger model. Demand for comme...

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