The senior executive of a top 10 motoring nameplate in New Zealand is planning to exit the coronavirus lockdown with the words of hard-charging American business leader Jack Welch as a guiding light: “Face reality as it is, not as it was or as you wish it to be.” The reality the motoring industry faces is a world of hurt, more damaging long-term than the Global Financial … [Read more...] about Following route the house of Jack built for businesses
NZ car sales
New vehicle sales: the best- and worst-case scenarios for 2020
The best-case scenario for new vehicle registrations in 2020? Around 60-65 per cent of the 154,479 logged by the NZ Transport Agency (NZTA) last year – or between 90,000 and 100,000 vehicles. That’s a 30-40 per cent slump on 2019 numbers. It would be the biggest in a decade, after the 30 per cent year-on-year fall in 2008-2009 in the midst of the Global Financial Crisis … [Read more...] about New vehicle sales: the best- and worst-case scenarios for 2020
Passenger car numbers tumble – large sedans on endangered list
Registrations of new passenger cars for the first two months of 2020 plunged 25.3 per cent on the same period last year, according to Motor Industry Association (MIA) figures. The NZ Transport Agency (NZTA) had registered 4630 cars – sedans, hatchbacks, sports – at the end of February. But this time last year it had 6199 on its books. Large cars – like the outgoing Holden … [Read more...] about Passenger car numbers tumble – large sedans on endangered list
Car industry last year registered 607 vehicles to itself each week
There were a record 161,495 new vehicles registered with the NZ Transport Agency (NZTA) in 2018 … but there is nothing on government records to show that almost 20 per cent were actually sold. Confidential records show that 31,567 of the 161,495 were registered not by actual buyers, but by the people selling them: dealers and/or distributors. They therefore registered to … [Read more...] about Car industry last year registered 607 vehicles to itself each week
Numbers game: the real story behind record 2017 sales year
If you believe the public relations guff, every distributor in New Zealand last year sold record numbers of new vehicles. But that wasn’t the case. Okay, it was an overall record year, with 159,871 new vehicle registrations. But quite a few brands didn’t do as well as the PR people claim. Press releases saying this or that distributor is gearing up in 2018 to meet rapidly … [Read more...] about Numbers game: the real story behind record 2017 sales year