Hamilton City Quarterly economic monitor - March 2019

Car registrations

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Highlights for Hamilton City

  • The number of cars registered in Hamilton City decreased by -3.1% in the year to March 2019 compared with the previous 12 months. Growth was higher than in New Zealand, where car sales decreased by -7.6%.
  • A total of 9,250 cars were registered in Hamilton City in the year to March 2019. This compares with the ten year average of 6,887.

National overview

Car registrations continued to fall over the year to March 2019, down 7.6%. Used car registrations have driven registrations lower, with an 8.1%pa drop in the March quarter. Data from NZTA and feedback from dealerships suggests that rental companies have been offloading their vehicles to dealers, leaving imported cars to sit (unregistered) on the lots. However, this influx of ex-rental cars into the used car market looks to have run its course. Higher fuel prices and moderate consumer confidence are holding back household investment, with slowing population growth also constraining car registration growth.