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Car yards getting closed in New Zealand

Friday, April 10th, 2009

Imports of new and used vehicles in New Zealand fell 55% in April compared to the same month a year earlier.

This translates to a drop from 19,344 units to 8,606. Media reported several reasons, not just recession.

They in clued tighter New Zealand regulations on emissions that effectively stop any vehicle built before 1992.

There also great competition at Japanese auto auctions. The fall in the New Zealand dollar is also a factor.

What does this mean?

Independent Motor Vehicle Dealers Association boss Dave Vinsen says New Zealand dealers have begun to recycle cars already in the country. Some are being sold for the third or fourth time around.

Mr. Vinsen said a number of used car dealers had shut up shop but this was often due to retirement or other life factors, whereby they have decided not to carry on in toughening conditions. Others, he said have simply adapted to the changed market environment.

Mitsubishi Motors to evaluate zero-emissions i MiEV electric vehicle in New Zealand

Tuesday, September 23rd, 2008

Mitsubishi Motors Corporation (MMC), in cooperation with its New Zealand subsidiary Mitsubishi Motors New Zealand (MMNZ), will show the zero-emissions i MiEV*1 electric vehicle in New Zealand as a preparatory step toward a possible future introduction to the local market and to create greater public awareness of electric vehicles.

The move will be carried out in cooperation with state-owned electric power company Meridian Energy, New Zealand’s largest energy provider, which generates 100% of its electric power through renewable resources such as hydroelectric and wind generation.

i MiEV

Mitsubishi Motors and Meridian will launch a promotional tour of the country sometime after February 2009. Representatives from national and local government will be given the chance to drive the car, in order to spur discussions about possible subsidies as well as developments in infrastructure and marketing considerations.

MMC is currently working to bring the i MiEV electric vehicle to market in Japan during 2009. Because vehicles in New Zealand have their steering wheels on the right side of the car, the same as Japan, MMC will consider the country a likely candidate for early introduction of its zero-emissions electric vehicle if market conditions prove favorable.

Source: Mitsubishi Motors Corporation

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Car sales in New Zealand plunge in July

Thursday, July 3rd, 2008

High gasoline prices plus tougher economic times have seen a dramatic fall in car sales in New Zealand.

Sales of new cars and commercial vehicles fell 15.7% in July compared to last year, the biggest seasonal drop in new vehicles sales since the 1990s. But sales of used imported vehicles fell even more, by 36.8%.

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30% decline in registration of used car in New Zealand in June

Tuesday, June 17th, 2008

Used car registrations in New Zealand – generally for imported used cars – have plunged 30 per cent in June to 7,049 from a year ago. Used car sales were down 5.5% on the 8.156 sold in May.

Sales of cars in New Zealand have been reeling as a result of soaring gasoline prices, restricted credit available and a generally weak economy. Used car sales have been heavily affected by a crisis in the car finance business that has seen 23 companies defaulting in just over two years.

Finance companies in New Zealand are a traditional source of credit for used car dealers.

In contrast to the dire state of the used car market, new car registrations rose 5.5% on June last year & were up 20% on May to 6.753. But the figures show a marked move toward smaller cars, away from larger gas guzzlers.

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Samoa may not import cars from New Zealand

Thursday, April 10th, 2008

The New Zealand Minister of Transport Safety has expressed his doubts importing vehicles from New Zealand.

His comments come amid the controversial Right Hand Drive Bill proposed by Samoan Government in October last year. The RHD bill proposes to switch the current road code from driving on the left hand side, like that of New Zealand and Australia. The previous ban on the importation of right hand drive vehicles was lifted in February, signaling the seriousness of the Government’s proposal to switch sides.

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Used Cars, Vehicles