UPDATE: NZ new vehicle sales rise 10% in August, on track for record year

Thu, 03 Sep 2015

(Adds MIA comment throughout) By Tina Morrison Sept. 3 (BusinessDesk) - New Zealand new vehicle sales rose 10 percent in August and are on track to surpass last year's record as competition keeps a lid on prices even as a decline in the kiwi dollar pushes up costs for importers. New vehicle registrations increased to 11,192 in August from 10,189 in the year earlier month, according to the Lower Hutt-based Motor Industry Association. New vehicle sales so far this year are tracking 5 percent ahead of last year's record 127,179. That's...

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