Toyota NZ's vehicle sales soar to new annual record, revenue hits $1.4B

Tue, 19 Jun 2018

By Tina Morrison June 20 (BusinessDesk) - Toyota New Zealand, the country's biggest car brand, achieved record vehicle sales in its latest financial year and generated its highest ever revenue on the back of a strong economy. The Palmerston North-based company's revenue increased to $1.4 billion in the year ended March 31 from $1.2 billion the year earlier, while its profit edged up to $21.9 million from $21.7 million. The local unit of the Japanese car maker is benefiting from strong demand for vehicles underpinned by the country's he...

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