NZ Sales: Stabilisation in sight

AutoExec Summary
New Zealand’s new car sales market has been struggling, with record low sales figures due to economic conditions. However, July saw some resilience with 9430 vehicle registrations, down 8.6% from the monthly average. Toyota led the market with 18.6% share, followed by Ford and Mitsubishi. The Light Passenger segment was hit the hardest, with Toyota RAV4 topping the charts. Compact SUV models made strides, claiming a 32% share. In the Light Commercial segment, Ford Ranger was the top seller. Traditional ICE vehicles were preferred over hybrids and electric vehicles.

Brands mentioned: Toyota, Ford, Mitsubishi, Kia, Suzuki, Mazda, Nissan, Volkswagen, Hyundai, GWM, Mercedes-Benz, Fiat.