New car sales bounce back in July

Tue, 04 Aug 2020

July was a surprisingly strong month for new vehicle sales, with total sales up on the same time last year.Motor Industry Association (MIA) figures show there were 366 more new vehicles registered last month compared to July 2019.MIA chief executive David Crawford put the increase down to returning New Zealanders buying cars and diverted spending from overseas holidays.Despite the buoyant month, year-to-date sales of new vehicles are still down by 25 percent compared to the first seven months of last year and Crawford foresees headwinds in...

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