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September Car Sales in New Zealand on an Upswing

September Car Sales in New ZealandNew Zealand recorded more than 13,800 registrations for new vehicles in September, indicating a record year for car sales.

The statistics on cars for sale during the months represented a record number for September and the second biggest compared to other months. On a year-over-year basis, new vehicle registrations rose 11.3 percent.

Between January and September, the automotive sales market has increased 7.6 percent so far in 2016. These numbers signal that car sales for the entire year appear to be on track in surpassing 140,000 transactions for the first time.

Growth Drivers

Motor Industry Association CEO David Crawford said that a number of factors, including high immigration figures, Auckland’s economic activity and low-interest rates are driving the increase. These factors boost consumer and business confidence in buying cars.

Sport utility vehicles, or SUVs, accounted for 36 percent of September’s new car registrations. Passenger cars ranked second in popularity amongst buyers, as 33 percent opted to purchase them during the month. Light commercial vehicles placed third with 25 percent of sales.

By model, the top five most popular vehicles purchased in September comprised the Ford Ranger, Toyota Hilux, Toyota Corolla, Holden Colorado and Mitsubishi Triton.

Road Jitters

As car sales increase, some people are also showing signs of anxiety over the deployment of self-driving vehicles in New Zealand by November. Although it is a controlled test drive, most drivers feel uncomfortable with the idea of co-existing with autonomous vehicles on the road.

A London School of Economics poll showed that 44 percent of respondents do not plan to use a self-driving car, while the same percentage of respondents said that they would not like to interact with such cars on the road.

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Self-driving cars are still a work in progress, so you might want to check in with tried and tested vehicles while the technology’s safety remains uncertain at this point.

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