New car registrations shrink for first year in a decade - News Summed Up

New car registrations shrink for first year in a decade


Photo: Getty ImagesNew car registrations in 2019 posted their first calendar-year decline in a decade as tailwinds supporting earlier record sales subsided, Motor Industry Association figures show. Some 154,479 new passenger and commercial vehicles were registered last year, down from a record 161,519 in 2018, the association said. Monthly new commercial vehicle registrations peaked in June 2017 at 5,804, before the formation of the Labour-led coalition government. June is typically a busy month for commercial registrations with the Fieldays agricultural trade event in Mystery Creek. Toyota dominates in the passenger vehicle market with the Corolla and Rav 4 the top two selling cars.


Source: Otago Daily Times January 07, 2020 01:41 UTC



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