Car sales zooming ahead in 2017

  • News
  • May 15, 2017
  • Sarah Dunn
Car sales zooming ahead in 2017

Car sales have surged in the first quarter of 2017 driving an increase in total retail trade sales, says Stats NZ.

New Zealand's motor vehicle industry had record 5.9 percent increase in the March 2017 quarter after adjusting for inflation, and accounted for more than half the increase in total retail sales volume for the quarter. This is the largest quarterly increase since Stats NZ's Retail Trade Survey began.

The total retail sales volume was up 1.5 percent in the latest quarter. In actual terms, the value of total retail sales for the March 2017 quarter was $21.5 billion. 
The two other high performers driving this increase were food and beverage (up 3.5 percent) and electrical and electronic goods (up 5.3 percent). Performing less well were department stores; recreational goods retailing; hardware, building and garden supplies; specialised food retailing (excluding liquor) and supermarket and grocery stores. Fuel retailing had the largest fall at 3.4 percent down, followed by specialised food (down 2.7 percent) and supermarkets and grocery (down 1.5 percent).
 
“Car sales have shown consistent growth over the past year, with higher sales of both new and used vehicles in a buoyant market," senior business indicators manager Neil Kelly said.
"The demand for cars may reflect New Zealand's growing population, with net migration remaining at record levels into 2017, and the relatively low cost of new vehicles."

In actual numbers, New Zealand Transport Agency figures show increases for registrations of passenger vehicles – up 12 percent in the March 2017 quarter from the same period in 2016.

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Upcoming retail changes: What to expect in 2017

  • News
  • May 26, 2017
  • The Register team
Upcoming retail changes: What to expect in 2017

With the influence of digital marketing, international up-and-comings and constant changes in consumer culture, 2017 has seen changes already in the retail industry, so what are some important up and coming changes?

Read more
 
 
 
 

How did that happen? Crocs

  • News
  • May 25, 2017
  • Courtney Devereux
How did that happen? Crocs

A key footwear player from the mid-2000s is slithering out of the swamp of unfashionability and onto the runway. That’s right: Crocs are back.

Read more
 
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Two minutes with: Roy Campbell

  • News
  • May 25, 2017
  • The Register team
Two minutes with: Roy Campbell

We had a brief chat with Roy Campbell, chief executive of Smiths City. The listed national chain sells electronics, furniture and beds, among other lines, and moved into Auckland with the purchase of the three-store Furniture City business early in 2016.

Read more
 
 
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