Industry News: Aussie sales boosted by LCV boom

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Private buyers across the Tasman are flocking to the ute market with a 10% rise in the segment during November.

The November 2016 market of 98,937 new vehicle sales is an increase of 298 vehicle sales or 0.3% on November 2015 (98,639) vehicle sales. November 2016 (26) had one more selling day than November 2015, which resulted in a decrease of 140.3 vehicle sales per day.

Strong private sales of LCV’s contributed to two models, both predominantly diesel-powered, leading the market for the second month in succession with sales of the Toyota Hilux up 14% on November 2015 and the second-placed Ford Ranger up 12.6%. Continue reading “Aussie sales boosted by LCV boom” »

Private buyers across the Tasman are flocking to the ute market with a ...

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Industry News: Used arrivals on track for another record year

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Used imported passenger cars are on track for another record year, as the November arrival’s total of 13,436 units is the fourth highest number recorded this year.

Year to date more than 140,817 used cars have arrived in New Zealand wharves. Based on a monthly average of more than 12,000 units means the market is highly likely to see more than 150,000 used arrivals in 2016 breaking last year’s record total of 149,974.

New passenger car arrivals of 11,070 units are the second highest recorded monthly total of the year, and the year to date figure of 101,143 units at November 30, 2016, exceeds the full calendar year figure for 2015 of 99,783 new car arrivals. Continue reading “Used arrivals on track for another record year” »

Used imported passenger cars are on track for another record year, as ...

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Industry News: Toyota NZ tops $1 billion in revenues

deloitte-top-200-rgbToyota NZ had the highest turnover of vehicle distributors’ listed in this year’s Deloitte Top 200, coming in at 34th, with $1,084,798,000 in revenues – two places up on the previous year.

However, Toyota ranked only 99th in terms of profit after tax – at $18,311,000 – even though this was up 36.5% on the previous year.

The Colonial Motor Company – NZ’s only listed dealership group, with a distributorship role for some truck brands – came in second in 43rd place, with revenues of $867,237,000. This was up five places on the previous year, with profit after tax of $20,313,000, placing CMC in 93rd place – 6 ahead of Toyota. Continue reading “Toyota NZ tops $1 billion in revenues” »

Toyota NZ had the highest turnover of vehicle distributors’ listed in ...

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Industry News: Dollar falls on Key resignation

John Key

John Key

The New Zealand dollar has fallen marginally on the news of prime minister John Key’s resignation – but the bigger impact for our industry could come next week.

The NZ Dollar opened the day at 71 US cents, and dipped 0.2 cents following the announcement.

ANZ senior economist Phil Borkin told Stiff.co.nz he did not expect any impact to be resignation to be lasting – although much depended on how the transition to a new leader next week went. Continue reading “Dollar falls on Key resignation” »

John Key The New Zealand dollar has fallen marginally on the news o ...

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Industry News: Bapcor upping its Hellaby offer

bapcor-1Australian automotive aftermarket parts firm Bapcor will increase its offer price for Hellaby Holdings from $3.30 to $3.60 per share today.

It says the institutional shareholders have agreed to accept the all-cash takeover offer at the revised offer price.

Bapcor says that Accident Compensation Corporation (ACC), Pengana Capital and Aspiring Asset Management are committing to accept it’s offer for their entire Hellaby shareholdings once the price increases. Continue reading “Bapcor upping its Hellaby offer” »

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Industry News: Phenomenal market growth for LDV and SsangYong

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New Zealand’s LDV and SsangYong distributor Great Lake Motor Distributors (GLMD), says the two brands continue to achieve phenomenal year on year market growth in 2016.

The first shipment of the new LDV G10 diesel vans sold out before the boat landed, while LDV’s forthcoming ute and fully electric V80 van range are set to enter the market in 2017.

Ssangyong saw 315 registrations in November, bettered only by October’s record-breaking 323 units, its eleven-month tally of 2254 exceeds its 2015 year to date total by 159 units, and edges out 2015’s full year total of 2219 registrations by 35 units. Continue reading “Phenomenal market growth for LDV and SsangYong” »

New Zealand's LDV and SsangYong distributor Great Lake Motor Distribut ...

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Industry News: Stranded coaches and rental vehicles leaving Kaikoura

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Repatriating more than 300 vehicles including stranded tourist buses and rental cars from Kaikoura back to Christchurch will begin this week.

The first convoy of 80 vehicles is scheduled for departure today.

More than 15 companies own the many campervans, cars and coaches left behind when visitors were evacuated from Kaikoura in the days following the November 14 earthquake. Continue reading “Stranded coaches and rental vehicles leaving Kaikoura” »

Repatriating more than 300 vehicles including stranded tourist buses a ...

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Industry News: Charity road trek changes name

thumbnail_image001The trek across New Zealand that sees classic cars and other special vehicles hit the road has a new name.

After 26 years, the former Variety Bash will now be known as the Trillian Trek, with proceeds going to police-partnered charity Blue Light and the Trillian Trust.

Trillian Trek coordinator Murray O’Donnell says the change is fantastic news. Continue reading “Charity road trek changes name” »

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