New Zealand is a country of diverse natural beauty with jagged mountains, rolling pasture land, steep fiords, pristine trout-filled lakes, raging rivers, scenic beaches and active volcanic zones. During last 5 years the New Zealand economy was growing very slowly, as consequence of 2008 global financial crisis effects and due to Government challenges in developing effective plans to stimulate the economy. Public spending was controlled in order to sustain the economy. Tangible positive effects have been slow to appear while the national Budget deficit in 2011 rose at 7.9% of GDP.
The pro capita income at purchase power parity in 2011 was $27.900 (it was $27.500 in 2009) while unemployment rate was stable at 6.5%. The relatively high interest rates (Commercial Bank prime lending at December 2011 was 10.3%) have not fixed the issue of an high inflation (4.2% in 2011) while caused local currency appreciation and reduced private consumers and investments.
October 2013 was again up keeping live a growing string now near to the end of second year. October figures were up 16.5% reinforcing the year to date performance, now positive by 12.4% from last year with 2013 running to the new all-time record. Toyota shines.
Stimulated by strong business confidence and favorable exchange rate, in New Zealand light passengers vehicles market continued to boom in September 2013, posting a 18.3% increase from last year. Toyota was pushed up by strong sales on Corolla.
In August 2013, light passengers vehicles market in New Zealand kept the momentum, with sales up a remarkable 18.2% at level never achieved since 1987. Ford Ranger confirmed the leadership among models, ahead of Toyota Hilux.
In June 2013, the level of light passengers sold in New Zealand, grew again, posting a 7.9% increase from last year, keeping the outstanding momentum started over one year and half ago. Toyota Hilux recovered the crown, followed by Corolla and Ranger.
Confirming one of the best trends in the World, the car market in New Zealand grew 7.6% in May with cumulated figures soared 9.5%. Behind a strong Toyota, market leader with almost 20% of share, Ford performed at 13.6%, bets share in a year.
New Zealand' light passenger market continued its momentum in March 2013, growing 14.3% from year ago. First quarter sales were up 11.0%. Mitsubishi share grew 1.7 points driven by Outlander demand, while Hyundai had lost 2.4 points.
The light passenger market in New Zealand was hot again in February, posting the 15th year-on-year increase in a string. Cumulate sales at February were up 9.3%. Volkswagen doubled sales with share up at 5.5%, the best ever.
The January sales statistics from New Zealand car market were positive again, with light passenger vehicles market up 6.2% from last year. Holden was protagonist of a strong performance, driven by the Cruze jump in second place.
The 2012 ended with rush sales and December soared 16.9% from last year, pushing the entire year volume near the 100.000 units, up 16.4% from 2011 and new all-time record. In December Toyota climbed at 35% of market share.
Following a series of positive months, October was really hot in New Zealand for the car market, posting a wonderful 35.2% increase, the 11th in a string. In the first 10 months of the year, the market was up 19.2%. Pushed by rental sales, Toyota hit 25% of market share.
The New Zealand car market posted 66.385 sales in the first 8 months 2012, up 18.2% from last year. In August, sales were 8.175, up 9.5%, posting the 9th growth in a string. Toyota was the market leader, but it was losing share from last year, attached by Holden, Ford and Hyundai.
New Zealand car industry is small, with annual volumes below 100.000 units. The industry posted 97.000 units in the 2008 before to sharply fall at 67.000 the following year and to recover starting from 2010. In the 2011 the market was back at 86.000 units and the 2012 started confirming the growing trend.