New Car Registrations Faceplant in November
Reflecting the challenging economy, new passenger vehicle registrations declined by over one-fifth (22 per cent) to 8964 units in November 2024 compared with 11,491 units a year earlier.
However, market leader Toyota bucked the trend, increasing registrations by 12 per cent to 3406 for the month from 3019 in the previous period.
In second place, Mitsubishi’s registrations dropped 29 per cent to 757 in November 2024 from 1068 previously. Ford were next (711 units), followed by Suzuki (457), Mazda (426), Kia (338), Hyundai (334), Honda (292), MG (291), and Volkswagen (234).
Toyota’s RAV4 was New Zealand’s best-selling passenger vehicle in November 2024 with 1877 registrations. It was followed by Corolla (419), Ford Everest (383), Toyota Yaris Cross (335), Mitsubishi ASX (333), Suzuki Swift (223), Toyota Highlander (221), Mitsubishi Eclipse Cross (219), Toyota Prado (201) and Mazda CX-5 (174).
New commercial registrations were up by six per cent in November to 3204 units from 3022 a year earlier.
Market leader Ford was down 19 per cent to 915 units for the month, while in second place, Toyota was up 15 per cent to 689 units, and third-placed Mitsubishi jumped 183 per cent to 258 units for the month.
Ranger led the new commercial vehicle market in November 2024 with 814 registrations, followed by Hilux on 551 and Triton with 258.
Used import numbers also plummet
It was a similar story for used import passenger vehicle registrations, falling by 28 per cent in November (6290 vs 9644 in the same period last year).
Toyota also led this part of the passenger market in November with 2422 registrations, a substantial 49 per cent decline from 4763 in the previous November.
Nissan followed in second place with 973 registrations, down by one-third. Next were Mazda, Subaru, Honda, BMW, Suzuki, Mitsubishi and Audi.
Top models were Aqua (658), Prius (390), and Corolla (348 vehicles registered). Then came Impreza, Fit, Axela, X-Trail, Note and Serena.
Used commercial numbers were steady on 464 units, headed by Hiace, NV350 and Transit.
