Industry News: Fuel prices down on commodity price drop

Automatic-NozzleFalling commodity prices led to a 5 cent reduction in petrol prices, and an 8 cent drop in diesel prices during July, according to AA PetrolWatch.

The price of 91 octane petrol at most outlets ended the month on $2.07 per litre, while diesel prices in many of the main centres fell to $1.26 per litre by the end of July. But in some locations petrol prices are below $1.90 a litre due to local competition.

“Refined commodity prices have been steadily rising since January, peaking for the year in mid-June,” says AA PetrolWatch spokesperson Mark Stockdale. “But since then they have fallen nearly 14 per cent, although much of that has been offset by the falling exchange rate which is at its lowest level in six years.” Continue reading “Fuel prices down on commodity price drop” »

Falling commodity prices led to a 5 cent reduction in petrol prices, a ...

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Industry News: Nokia HERE maps sold for AU$3.7B

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here-mapssGerman carmakers BMW, Audi and Daimler (who owns Mercedes Benz), will pay around 2.5 billion euros (A$3.7 billion) to buy Nokia’s maps business, beating out high-tech rivals for location services seen as key to the future of self-driving vehicles.

The HERE platform is in the midst of developing a location cloud that harnesses data generated by vehicles, devices, and infrastructure to deliver real-time, predictive and personalized location services.

Germany’s three premium carmakers will hold equal stakes in the business, known as HERE, clubbing together to keep the assets away from Internet rivals such as Uber of Silicon Valley and China’s Baidu and Tencent. Continue reading “Nokia HERE maps sold for AU$3.7B” »

German carmakers BMW, Audi and Daimler (who owns Mercedes Benz), will ...

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Industry News: 130k barrier looking unlikely – Crawford

IMG_3807The ongoing growth of the new vehicle market has continued in July, but it is clear sales are beginning, as with other economic indicators, to soften.

New passenger car registrations of 7,272 vehicles in July were up 201 units (2.8%) on July 2014 sales of 7,071 vehicles, and was the strongest month of July since 1986.

Meanwhile, new commercial vehicle registrations of 3,094 vehicles in July were down 148 vehicles (minus 4.6%) compared to July 2014. Continue reading “130k barrier looking unlikely – Crawford” »

The ongoing growth of the new vehicle market has continued in July, bu ...

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Industry News: Ranger remains king

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The Ford Ranger remained at the top of the sales charts in July, although with a tight margin back to its biggest competitor.

Ford recorded 460 Ranger registrations, with the Toyota Hilux in second with 448 vehicles and Holden Colorado with 300 vehicles. 

Year-to-date the Ranger is also top gun, with a 16% market share, to 14% for Hilux and 9% to the Nissan Navara Continue reading “Ranger remains king” »

The Ford Ranger remained at the top of the sales charts in July, altho ...

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Industry News: Corolla tops passenger market

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Toyota remained the overall market leader in July, well clear of any competition

The brand registered 1,856 vehicles, up 1% for an 18% share, followed by Ford with 10% of the market, 1042 vehicles, and Holden with 972.

Year-to-date Toyota, Holden and Ford remain the overall market leaders. Continue reading “Corolla tops passenger market” »

Toyota remained the overall market leader in July, well clear of any c ...

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Industry News: Carmakers stand divided on car owner data

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Carmakers are limiting the data they share with technology partners Apple and Google, through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers do in their cars.

Auto companies hope that the vehicle data will one day generate billions of dollars in e-commerce, though they are just beginning to form strategies for monetising the information.

For example, carmakers hope to profit from in-vehicle data in a variety of ways, including the provision of travel planning services and auto repair and service information they hope will bring drivers to dealerships. Continue reading “Carmakers stand divided on car owner data” »

Carmakers are limiting the data they share with technology partners Ap ...

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Industry News: Cars part of Trans-Pacific Partnership holdup

12TimGroserThe latest round of negotiations for the Trans-Pacific Partnership ended in a stalemate last week, with dairy, pharmaceuticals and the automotive trade left as sticking points.

Trade minister Tim Groser told TVNZ’s Q&A yesterday that it was surprising that automotive issues, which he sees as far bigger than New Zealand’s dispute with Canada over dairy, as still not being resolved.

“We were gobsmacked, would be the word, to find that something so fundamentally important to this negotiation as the auto trade, which dwarfs dairy in magnitude by God knows what – 100? I don’t know what it would be – was not in a clear position to be settled.” Continue reading “Cars part of Trans-Pacific Partnership holdup” »

The latest round of negotiations for the Trans-Pacific Partnership end ...

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Industry News: Mitsubishi lobs a competitor into the Everest market

exterior_img_24Mitsubishi has unveiled its all-new mid-size SUV the Pajero Sport in Thailand today and says the vehicle will join its New Zealand vehicle line up early in 2016.

It will join the growing list of new-to-market ladder-chassis based SUV models such as the soon to be launched Ford Everest, and the Toyota Fortuner.

Initially only five-seat Pajero Sport models will join the local Mitsubishi range to replace the current luxury Challenger Exceed model (which has seven seats), says Mitsubishi Motors New Zealand head of sales and marketing strategy. Continue reading “Mitsubishi lobs a competitor into the Everest market” »

Mitsubishi has unveiled its all-new mid-size SUV the Pajero Sport in T ...

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