Need for speed as car industry continues to grow

  • News
  • April 26, 2018
Need for speed as car industry continues to grow

Kiwis are big on their food purchasing, year after year it is where the bulk of our money goes. But our second largest spending is hardly mentioned, our $8.1 billion motor vehicle industry.

According to the 2017 Retail Trade Survey, the Supermarket and grocery store industry brought in $5.3 billion in revenue for the quarter ended September 2017. Motor vehicles and parts came second in earnings with $3.3 billion for the quarter.  

Supermarkets see on average five percent growth each year, while motor vehicles are a little more sporadic, seeing seven percent growth since last year, but nine percent when compared to 2016 and 15 percent when compared to 2015.

Australian parent companies such as those who own Supercheap, Autobarn and Midas are seeing strong sales growth, and some are seeing margins of around 12 percent. Supercheap auto has 360 stores across Australia and New Zealand, and in its last financial year saw three percent growth and a revenue of $955.9 million.

New Zealanders, although slow into the housing market, are still spending large on cars. In 2017, 9420 Ford Rangers were purchased, valued at $50,000 each. As our purchasing power grows, so do certain markets, and unsurprisingly as vehicle purchasing grows so does fuel.

The Retail Trade Survey showed that in 2017 fuel spending was up 5.5 percent when compared to the year before.

Our motor industry is continuing to grow, even as first home buyers shrink. Yet a lot of what goes into car buying in our economy is second hand, this includes full cars and second-hand part importers.

Trade Me market place is a large draw place for second hand car owners, with the sites motors classified section continuing to increase. The sites 2014-2015 financial year saw revenue lift by 24 percent. In February, Trade Me presented its first-half net results, and reported a 16 percent lift of motor vehicle revenue compared to the year before.

Yet despite success of ride sharing apps such as Uber, car purchasing and retail is still expected to increase.

According to Transport New Zealand’s Trends and Projections 2014 Survey, the trend over the last 20 years has been for households to own a greater number of cars. Most likely as younger generations buy cars yet still reside or register them under a guardian’s address.

The survey shows the purchasing of vehicles has been steady since 1999 and the expectations are that those numbers will continue to grow slowly into 2020.

​ ​

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.


Hunting & Fishing New Zealand voluntarily pulls military-style assault weapons from sale

  • News
  • March 20, 2019
  • Sarah Dunn
Hunting & Fishing New Zealand voluntarily pulls military-style assault weapons from sale

In the wake of the attack on Christchurch’s Muslim community on March 15, strong calls for changes to New Zealand’s gun last have been made. Trade Me was the first retailer to act, halting the sale of all semi-automatic weapons on its platform, and it has now been joined by Hunting & Fishing New Zealand.

Read more

Superette to open new concept store showcasing international brands

  • News
  • March 20, 2019
  • The Register team
Superette to open new concept store showcasing international brands

Apparel boutique Superette has announced it will open an ‘international flagship’ in Newmarket on April 4. The store will feature handpicked products from both established and emerging international designers.

Read more

What businesses can do to help support Christchurch and the Muslim community this week

  • Opinion
  • March 19, 2019
  • Rosie Collins
What businesses can do to help support Christchurch and the Muslim community this week

As many New Zealanders go back to work for the first time today since Friday’s attacks, feelings of anger, sadness, numbness, apprehension, and confusion will be shared around the country. Rosie Collins is the managing director of Step Changers, a registered charity working to normalise corporate social responsibility in New Zealand. In the wake of the Christchurch terror attack, she shares three ways businesses can help both their staff and the wider Muslim and Christchurch community this week.

Read more

Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

Concept to closet
Business coverage of New Zealand Fashion Week.
Town centres
A positive retail environment over the past 12 ...
Amazon Arrival
Keeping up with all things Amazon as it ...
The Retail Yearbook 2017
As we battle our way through the busiest ...
Hospitality enhancing retail
Some think food and integrated hospitality offerings will ...
The future is bright
We spoke with four retailers in their twenties ...
Spotlight on signage
At first glance, the humble in-store sign might ...
Red Awards 2016
The Red Awards for retail interior design celebrate ...
Auckland Unitary Plan
Auckland is changing. The Unitary Plan will decide ...
How to open a store
Sarah Dunn considers what it would take to ...
All things to all people
Kiwi retailers share their omnichannel strategies.
Rising stars
Retail's top young achievers.
Delivering on your promises
The sale isn't over until your item is ...
Retail in heartland New Zealand
Retailers keep the regions pumping, but how strong ...
Women in retail help one another. We spoke ...
The changing face of retail
Shifting demographics are creating big changes in New ...
The retail yearbook
With the help of experts in the retail ...
Retail rogues
We put the spotlight on staff training. Jai ...
Here come the giants
Topshop has arrived in Auckland’s CBD, David Jones ...
Window shopping: A spotlight on social media
Sarah Dunn and Elly Strang look at how ...
From retail to e-tail
Ecommerce has become part of the way mainstream ...
Loyalty in the digital age
How are retailers maintaining loyalty? Sarah Dunn, Elly ...
The Innovators | In partnership with Spark Business
Technology is rapidly changing the retail industry as ...

China and New Zealand’s year of tourism

  • Opinion
  • March 19, 2019
  • Juanita Neville-Te Rito
China and New Zealand’s year of tourism

Think about how to best welcome Chinese tourists into your store this year.

Read more

Coca-Cola reveals how much plastic it uses

  • News
  • March 19, 2019
  • Radio New Zealand
Coca-Cola reveals how much plastic it uses

For the first time, Coca-Cola has revealed it used three million tonnes of plastic packaging in one year.

Read more

Profits for The Warehouse on the rise after restructure

  • News
  • March 19, 2019
  • Radio New Zealand
Profits for The Warehouse on the rise after restructure

The Warehouse has made a solid first half profit as it continues to restructure and invest in digital services.

Read more
Next page
Results for
About us.

The Register provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2015 Tangible Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.

The Register

Content marketing/advertising? Email or call 022 639 3004

View Media Kit