Registrations of new commercial vehicles were almost unchanged year-on-year in April while used commercial vehicle registrations were up 12.1% for the period. A total 3114 new commercial vehicles were registered in April compared to 3115 in the same period last year. Ford leads, up...

Auto loan arrears reached a new high with 6.5% of accounts behind in March 2024. Demand for auto loans has meanwhile fallen off, which could be related to the introduction of EV Road User Charges (RUC) and the Clean Car Discount’s (CCD) end. So...

Heartland Group Holdings Limited (Heartland) has confirmed the completion of Heartland Bank Limited’s (Heartland Bank’s) acquisition of Challenger Bank Limited (Challenger Bank) from Challenger Limited.  The acquisition makes Heartland Bank the first New Zealand registered bank to acquire an Australian-authorised deposit-taking institution (ADI).  The...

Energy and transport minister Simeon Brown has announced 25 new high-speed EV charging hubs along key routes between major urban centres and outlined the Government’s plan to supercharge New Zealand’s EV infrastructure. The hubs will each have several chargers and be capable of charging...

Jeep and Tank could have some electric competition in the market for those wanting to look like they can go off road - and it is coming from China.