NZ new vehicle sales surge in August, heading for annual record

Thu, 04 Sep 2014

By Tina Morrison Sep. 5 (BusinessDesk) - Sales of new vehicles surged in August, suggesting annual sales may reach a new record this year, as the lower prices offered by a strong New Zealand dollar and a buoyant economy drive demand. Registrations for new commercial vehicles rose to 3,106 in August, the strongest level since the Motor Industry Association began collecting the data in 1981, the Lower Hutt-based organisation said in a statement. Sales of new commercial vehicles so far in 2014 are 21 percent ahead of the same period last yea...

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