Year to date there have been 69, new vehicles registered in New Zealand compared to 65, this time last year, an increase of 3, vehicles. This has also been fuelled by the aftermath of the financial crisis, which had previously caused delays in new vehicle purchases. The MIA tends to list total vehicle sales and also separates cars and commercial vehicles.
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The previous two times were also in June off the back of field days 4, registrations in and 4, in In fact the top five best-selling CVs are all pickup trucks. Overall, the Ford Ranger is the best selling vehicle in New Zealand with H1 sales of 4,, followed by the Toyota Hilux with 3,, both selling in greater numbers than the best selling car, the Toyota Corolla. Looking specifically at the fleet sector, LeasePlan reports that there has recently been an increase in demand for pickup trucks, driven by a boom in house building mainly around Auckland and Christchurch.
LeasePlan describes the fleet sector in New Zealand as consisting predominantly of entry-level models in each category of vehicle type.
WHY CHOOSE BEAUREPAIRES?
New Zealanders still prefer to own vehicles and this is reflected in how business vehicles are acquired. New Zealand has a higher percentage of finance and Hire Purchase leases than it does operating leases. Otherwise this sector is similar to our European sister companies. The supply chain is limited and there are a limited number of players so the same parties are using the same channels and targeting the same audiences.
High levels of used vehicles are imported from Japan which often results in lower residual values. Employers are subject to New Zealand Fringe Benefit Tax if they make a passenger carrying vehicle available to employees for use outside work and the tax is payable whether or not they choose to make private use of it. Different rules apply to sole traders and partnerships. LeasePlan indicates that there is a wide range of funding available for business vehicles including hire purchase, mortgage funding, business loans, revolving credit facilities, overdraft facilities, novated leasing, operating leases and finance leases.
The New Zealand Ministry of Transport produces monthly statistics on the take-up of electric vehicles and the data indicates that registrations for EVs were 0. A total of 1, light EVs are on New Zealand roads. Take-up appears to be on the increase. You must be logged in to post a comment.
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Vehicle sales break records Not surprisingly, vehicle sales have benefitted from this, with car sales growing year-on-year from onwards. Ownership preferred New Zealanders still prefer to own vehicles and this is reflected in how business vehicles are acquired.
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Funding choices LeasePlan indicates that there is a wide range of funding available for business vehicles including hire purchase, mortgage funding, business loans, revolving credit facilities, overdraft facilities, novated leasing, operating leases and finance leases. There is a reason for that.
Toyota Hilux 4WD TDi 4 Dr Double Cab 3.0L Auto
We live in a demanding area, and the vehicles we need to use on the land need to be tough enough to cope. The Toyota Hilux has proved time and time again that it is, that is why the companies that rely on it keep coming back. Click here to learn more about the all new Toyota Hilux. Leasing a new vehicle for your business may be one of the smartest business decisions you make. It's a great alternative to buying outright, and widely used by businesses as a cost-effective way of obtaining a vehicle without diverting valuable working capital.
Nigel Last-Harris is your Fleet Vehicle point of contact at Bowater Toyota and can work with you to find the best option for your needs.
Nigel has been with Toyota in Nelson since the 80's and knows a thing or two about vehicles, leases and what works best for business. Other specials are available on most 2WD and 4WD models, with fully maintained and non maintained Operating Lease options available, along with flexibility with kms. Don't need a workhorse like a Hilux? Ask about the Toyota Corolla or Yaris leases. Our current interest rates, default rates, credit fees, default fees and standard contract terms and conditions are available to you free of charge on request.