Registrations of new passenger vehicles fell 13% in April 2024 to 6119 units from 7038 units in April 2023. The result was not wholly unexpected, with one insider commenting that April is usually a quiet month for the new vehicle sales industry. Still, he...
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...
Despite the challenges of fewer selling days due to public holidays and school breaks, the surge in registrations of imported used passenger vehicles by 10% in April 2024, reaching 8731 units, is a significant trend to note. This figure marks a notable increase from...
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...
We have a new panelist today, and set a CarJam challenge!
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