Slowing new car market sees Kiwis squeezing more out of ageing fleet

Thu, 15 Aug 2019

By Paul McBeth Aug. 16 (BusinessDesk) - The slowing market for new car sales has weighed on dealers' earnings but has been a boon for the likes of Super Cheap Auto as people try to get more out of their ageing vehicles. Motor Industry Association data show new car registrations were tracking 5.2 percent lower in the seven months through July from a year earlier and are poised to see the end of a five-year run of record sales. That malaise hasn’t seeped into the auto parts market, with Super Cheap Auto’s 45 New Zealand stores reporting...

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