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New Zealand’s new heavy truck market continued its slowdown in March – with sales lagging behind last year’s levels for the third consecutive month.
The 347 new truck registrations for the month in the overall market (trucks with a GVM of 4.5 tonnes or higher), was 149 down (that’s a drop of almost 30%) on March 2019’s sales.
And that, in turn, saw the 1045 year-to-date registrations tally at the end of March 19% down on the 1300 for the first three months of 2019.
It’s the lowest first quarter performance since 2016, when 901 trucks were registered.
The heavy trailer market had an even worse month, with just ... ...