Industry News: Confident businesses stay on the front foot

Businesses are confident, have runs on the board and have carried strong momentum into 2015, according to February’s ANZ ‘business outlook’ survey.

All of which provides a great boost to the fortunes of firms in the transport, logistics truck and equipment sales

“Sentiment remains extremely positive, with firms ready to deliver higher activity, employment and investment – consistent with the economic expansion rolling on at a hefty clip,” says ANZ New Zealand chief economist Cameron Bagrie. Continue reading “Confident businesses stay on the front foot” »

Industry News: AP Eagers’ net profit up 20% to A$76.7M

bd81fed1-d1a3-458b-9970-79869e02f480xAP Eagers Limited has reported that it will achieve an underlying net profit before tax of A$106.2 million for 2014, compared to A$87.3 million for 2013, an increase of 22%.

AP Eagers is Australia’s second biggest dealer group – and owns around 20% of Automotive Holdings Group, which in New Zealand owns John Andrew Ford and Mazda, North Harbour Ford and Mazda, Davie Motors and Manukau Nissan.

The net profit after tax is expected to be A$76.7 million compared to $64​ million for 2013, an increase of 20%. Continue reading “AP Eagers’ net profit up 20% to A$76.7M” »

Industry News: Marchione increases stake at Ferrari ahead of spinoff


Fiat Chrysler Automobiles (FCA) chief executive officer Sergio Marchionne has increased his voting stake in the carmaker to nearly 1% after benefiting from a stock grant plan, just as the company prepares to spin off luxury brand Ferrari.

The stake makes Marchionne one of the largest individual shareholders in FCA, the world’s seventh-biggest carmaker, whose share price has soared 75% since the Ferrari spin-off was announced in October 2014.

A higher stake will also increase Marchionne’s sway at Ferrari, of which he is the chairman. As part of the spin-off, only 10% of Ferrari will be offered to the market, with the remainder of FCA’s stake in the iconic brand distributed to current FCA shareholders. Continue reading “Marchione increases stake at Ferrari ahead of spinoff” »

Industry News: Christchurch car imports up 23.5%


Increases in vehicle arrivals have helped offset losses of a significant dairy business for Christchurch’s Lyttleton Port.

Car imports were 23.5% higher than 2013.

Chief executive Peter Davie says the Port continues to have volume growth ahead of expectation. Continue reading “Christchurch car imports up 23.5%” »

Industry News: Audi reveals new R8


Audi has revealed its updated R8 supercar, ahead of its first public appearance at the Geneva Motor Show.

The headline power plant it a 5.2 FSI V10 engine with up to 449kW, capable of a 0 to 100 km/h in 3.2 seconds. The car uses a space frame constructed of aluminium, with the car carrying a large amount of carbon fibre.

That construction means the car weighs in at a relatively-light 1454kg – up to 50kg lighter than its predecessor. Continue reading “Audi reveals new R8” »

Industry News: Sales static in Japan


Sales of vehicles over 1000cc in Japan moved little in December, down just slightly from the prior month.

According to analysis released by the Imported Motor Vehicle Industry Association, the market hit 231,959 units (down from 239,207), were recorded for the month.

Top selling model for December was the Toyota Aqua, with 16,314 units sold, ahead of Toyota Prius with 10,587 delivered, and in third place, Honda Fit suffering the worst monthly sales since the new model was introduced in mid-2013, down to 8,772 units. Continue reading “Sales static in Japan” »

Industry News: Aqua tops 2014 in Japan


The Toyota Aqua – sold as the Prius C in New Zealand – is likely to be playing a large role in the New Zealand used import market in a few years time, having dominated the Japanese vehicle market in 2014.

The model led for most of the year, and recorded 233,209 units

In second was the Honda Fit, already a major import player, with 202,824 vehicles, followed by the Toyota Prius, which finished up with 183,614 units sold. Continue reading “Aqua tops 2014 in Japan” »

Industry News: Vehicles up in import value statistics


New Zealand’s trade balance – the cost of our imports against what we export – turned unexpectedly to a surplus in January, as the cost of importing oil dropped.

According to Statistics New Zealand, the surplus was $56 million in January, compared to a deficit of $195 million in December and a surplus of $285 million in January 2014.

This was despite a rise in vehicle imports – with the cost for cars and parts up 2% for the month to 470, and up 14% to $6.77 billion for the year. Continue reading “Vehicles up in import value statistics” »

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