5 Feb 2010

Upturn in new and used vehicle sales

11:49 am on 5 February 2010

An 18-month slump in sales of new vehicles is over, with 5601 new car registrations in January, the Motor Industry Association says.

The association's chief executive, Perry Kerr, says there's been a 5.8% increase in the number of registrations since the same time a year ago.

He says that's the first time in 18 months that sales have been higher than they were in the same month of the previous year.

Figures for January also that Toyota increased its market share in New Zealand by 0.5% to 22.2% - well ahead of its nearest rival.

Meanwhile, 6828 used imported cars were sold in January, a 26% increase on the same month a year ago.