The previously explosive growth in the new commercial market appears to be waning.
New commercial registrations, released today by the NZ Transport Agency, were down 2% for the month to 3052 units from 3113 this time last year.
That is despite a big push by the Ford Ranger, and the Toyota Hilux running down towards its new model.
Registrations of passenger vehicles were up 8.1% against October 2014 to 9634 units, from 8910.
The overall market for the month was up 7% to 12,686.
Passenger registrations are up 5% for the year to 79,872 vehicles. So far this year 32,498 commercials have been registered.
The market for the year has now tipped over the 100k mark, to 112,184 – meaning the market may see 140,000 units.
In the passenger market, Toyota lead on 2741 units, up 14.4% from 2395 a year ago for a 24.6% market share.
In second, Holden recorded 992 registrations, up 2.7% for an 8.9% stake.
Mazda was third on 907, a huge 46.1% jump, followed by Hyundai on 687 and Ford on 594.
In commercials, Ford lead off the back of the Ranger, but its volume was actually down 9.1% to 628 from 691. The brand held 20.2% of the market.
Toyota was second on 583 units, down 17.5% from 707 last year.
Holden was this on 313 commercials, followed by Mitsubishi on 245 and Nissan on 210.
