New Zealanders didn’t buy a record number of new cars in 2014 after all – because around 25,000 of the 127,000 new vehicles registered were never actually sold. They were pre-registrations, logged with the NZ Transport Agency by distributors and their dealers as “sold” in order to meet internal sales targets and qualify for generous factory bonuses, say senior motoring industry … [Read more...] about Broken-down reporting method inflates sales figures – industry ‘fooling’ itself
Car sales
Booming sales of new vehicles – but who’s actually buying them?
Sales of new vehicles for the first two months of 2015 were up 10 per cent on the same period last year, a reflection of the strong New Zealand economy, say motoring observers. It was the strongest February on record for light commercial sales, and the strongest February since 1989 for new passenger vehicles. Some would say the motoring industry is heading for another boomer … [Read more...] about Booming sales of new vehicles – but who’s actually buying them?