New Zealand Auto Sales 2016 at the fourth All Time Record in a row thanks to a roaring local economy and huge demand on SUV, for the very first time over 50% of car passengers sold. Kia shine.
Market Outlook
The latest data confirm that the New Zealand economy continues to outperform most of its OECD peers. Indicators from the fourth quarter of 2016 suggest that the economy remained rock solid and on track to grow at a strong annual rate for the full year. FocusEconomics panelists surveyed this month expect the economy to expand 3.1% in 2017, which is up 0.2 percentage points from last month’s forecast.
Following the moderate increase of the previous year, the domestic vehicles market in 2016 showed a brilliant double-digit performance posting the new all time record with It was the fourth consecutive annual record and one of the best growth since 2010.
Indeed, according to data released by the M.I.A., the Motor Industry Association of New Zealand, the total vehicles sales 147.743 were (+11.7%).
Actually the New Zealand’s ranks as World’s 48th market, up 1 spot.
Competitive Arena
Confirming the leadership Toyota sold 26.792 units (+1.8%) keeping a safe gap over the immediate followers, Ford, second with 16.771 sales (+21.5%) and Holden with 14.347 (+2.5%).
The year was really brilliant for Kia (+60.5%), Volvo (+2.4%) and, overall, Jaguar (+113.7%).
The best-selling model was the Ford Ranger with 8.478 sales (+24.3%) followed by the Toyota Corolla with 6.274 (-3.7%) and the Toyota Hilux with 6.187 (+10.0%).
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models
