Crediflex Recently Registered

What a difference a year makes! This time 12 months ago, Recently Registered was all about the New Zealand new truck market’s just-completed recordbreaking year.

The new benchmark from 2019 saw the overall market (trucks with a GVM above 4.5 tonnes) reach 5314 sales – 105 more than 2017’s former alltime record.

Then came COVID-19 – throwing 2019’s record sales into sharp relief. That, of course, is no surprise – it’s been a matter of awaiting the official NZ Transport Agency registration statistics for November and December to see just how bad it had been.

The answer is….it was, officially, the new truck industry’s worst year since 2016. In the overall market it amou... ... 

New Zealand’s new truck market continued at its so-called “new normal” in a world still struggling with the COVID-19 pandemic in October, with sales almost 25% down on the same month in 2019.
NZ Transport Agency data shows that 361 trucks were registered in the overall market (trucks with a GVM above 4.5 tonnes), compared to 480 a year earlier.
Similarly, the 3385 total 2020 registrations at the end of October amounted to a 26% fall from last year’s 4566 sales at the same point. 
The trailer market for the first 10 months of the year was down 13% on 2019, with 1045 registrations compared to 1202 a year earlier. 
In October, in ... ... 

COVID-19’s negative effects on New Zealand’s new truck market, unsurprisingly, continued in September. 
The 378 registrations for the month in the overall market (over 4.5 tonnes GVM) was similar to August’s tally (down 21, in fact) but, more tellingly, was a long way off the 514 registrations in September last year. 
And the 3024 registrations year-to-date after nine months amounted to a 26% fall from last year’s 4086 sales at the same point. 
The trailer market for 2020 was (again unsurprisingly) down on last year – by 20% - in the year-to-date tally at the end of September (with 928 registrations YTD this year, compared... ... 

New Zealand’s new truck market continued at what has become its “new normal” in August – but, at least, improved a little on the previous month’s registrations.
The comparison with last year’s pre-COVID monthly totals was slightly better – from 20% down in July, to 16% down in August.
The month saw 399 registrations in the overall truck market (over 4.5 tonnes GVM) – 19 more than July’s total, but shaded by the 476 registrations in August last year. 
The 2646 registrations year-to-date after the first eight months of the year were 26% down on last year’s 3572 sales at the same point. The YTD figure at t... ...