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The brakes have been applied to New Zealand’s new truck and trailer sales.

The general economic slowdown is reflected by lower September new truck registration figures, according to NZ Transport Agency data.

There were 425 registrations of new trucks with a GVM above 4.5 tonnes and the year-to-date (YTD) total has reached 4194 units in the first nine months of 2024.

The September total is well down from last year’s 587 registrations, and the YTD total represents a 9.8% decrease on the same period last year (4648 registrations).

For context, the total new vehicle market (passenger, light commercial and heavy commercial) is running 16.1% (18,05... ... 

The New Zealand new truck market continues to track a little behind the record registration numbers from 2023.

August saw 487 trucks with a GVM of 4.5 tonnes or more registered while the year-to-date total grew to 3769 units, according to official NZ Transport Agency data. It’s a decrease from 539 recorded in August 2023 and the total of 4060 is a 7.16% decrease on Jan-Aug 2023 YTD registrations.

The trailer industry continues to show resilience with 114 new registrations in August and 1040 units YTD keeping the total 7 registrations ahead of the same point last year. The monthly benchmark for the trailer industry is 166 units in August 2018.

In the ... ... 

New truck registrations during July were again behind last year’s record numbers and the 2024 market is now running 7.5% behind the first seven months of last year.

New registrations totalled 446 units in July, taking the year-to-date (YTD) total to 3,275 units. In comparison registrations were 496 units in July 2023 and 3,544 for the January-July period last year.

The YTD tally of 926 trailer registrations is still down 8.8% on 2018 year-to-date total of 1017 trailers, but is a healthy 49 registrations ahead of the 877 units registered by July 2023 and is the second best Jan-July total on record.

In the wider economics of new vehicle sales the decl... ... 

New truck sales slowed during June with 437 registrations recorded in the 4.5 tonnes and above GVM categories.

The year-to-date (January-June) total is now 2830 units – compared to 3048 at the same time last year, a 7.15% drop year-on-year (YOY).

However the January-June half-year registration total is still the second-best on record and is 103 units ahead of the January-June 2022 period.

The trailer market, with 116 June registrations, was also down on the same month last year of 152 and the record June total of 164 units achieved in 2018.

But year-to-date new trailer registrations are 22 units ahead of the same period last year and the marke... ...