Hamilton City Quarterly economic monitor - September 2019

Commercial vehicle registrations

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Highlights for Hamilton City

  • The number of commercial vehicles registered in Hamilton City decreased by -3.1% in the year to September 2019 compared with the previous 12 months. Growth was lower than in New Zealand, where commercial vehicle sales decreased by -1.6%.
  • A total of 1,995 commercial vehicles were registered in Hamilton City in the year to September 2019. This is higher than the ten year annual average of 1,259.

National overview

Commercial vehicle registrations fell 1.6% in the year to September 2019 with rising medium commercial vehicle registrations being offset by falls in light and very heavy vehicles. Residential construction is maintaining demand for the movement of aggregates, timber and other construction products, and freight firms are benefitting from high commodity prices. But, concern about the domestic and global economic outlook is depleting business confidence and, with it, firms’ willingness to invest in new vehicles.