Used imports stable

Activity in sector still remains well down from a year ago, while new imports receive another healthy boost.

auto, autos, car, cars, used imports stable

There were 5,062 used passenger vehicles imported last month, the lowest total so far this year and a 1.1 per cent drop from 5,118 units in September.

The monthly figure was also 41.7 per cent lower than in October 2021 when 8,680 units crossed our borders.

The total for 2022 is now 75,742 – down from 109,780 and by 31 per cent compared with this time last year.

Last month, 4,827 units were imported from Japan for a 95.4 per cent share of the market and 152 came in from Australia.

Next up was the UK with 36, the US on 28 and Singapore with 11, according to the figures from Customs NZ.

As for used light commercials, 264 crossed the border in October to bring the year-to-date total to 3,189. That figure is down by 15.5 per cent from 3,776 at the same stage a year ago.

Last month’s figure – the second lowest tally in 2022 – was a drop of 25.6 per cent from the 355 units in October 2021, but up 31.3 per cent from the 201 light commercials brought in during September this year.

New vehicles keep rising

When it comes to new passenger vehicles, there were 12,260 brought into New Zealand last month.

It was the fourth consecutive month of increases for the sector and represented a 7.3 per cent increase from September this year when there were 11,422 units.

Last month’s figure was also up 1.4 per cent from October 2021 when it reached 12,086 new cars.

October’s tally means 94,719 vehicles have come in so far in 2022, which is a decrease of 4.9 per cent on the 99,556 units over the same period a year ago.

Japan was the main country of export with 5,677 units followed by China with 1,639. Next up was Thailand on 1,052, Korea with 870, Germany on 693, Belgium with 689 and the US with 423.

For new light commercials, there were 4,610 units imported in October, an increase of 51.2 per cent from 3,049 in the same month a year ago. It was also a rise of 40.5 per cent from the 3,280 units in September this year.

It took the year-to-date total to 28,159 units, down 11.4 per cent from 31,772 after the first 10 months of last year.

Overall, 22,853 vehicles, including trucks and buses, crossed our border in October. This was up from 20,779 in the previous month.

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