9 Jan 2012

Sales of new cars up in 2011

7:30 pm on 9 January 2012

There has been a modest increase in the sale of new cars.

Registration data released by the New Zealand Transport Agency on Monday shows the overall market for new cars in 2011 was the best it has been in three years.

However, the Motor Trade Association says while the market was widely expected to grow last year, the number of sales was still fewer than forecast due to natural disasters and supply problems.

Some 84,640 new vehicles were sold in 2011, an increase of more than 4000 on the previous year.

Twenty percent of the new cars sold were Toyotas, with the Japanese company maintaining its hold as the market leader.