Hamilton City Quarterly economic monitor - March 2019

Commercial vehicle registrations

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Highlights for Hamilton City

  • The number of commercial vehicles registered in Hamilton City increased by 3.3% in the year to March 2019 compared with the previous 12 months. Growth was higher than in New Zealand, where commercial vehicle sales decreased by -0.07%.
  • A total of 2,057 commercial vehicles were registered in Hamilton City in the year to March 2019. This is higher than the ten year annual average of 1,192.

National overview

Continually poor business confidence and investment intentions continues to hold back growth in commercial vehicle registrations, which fell just short of 0.1% over the last 12 months to March 2019. Medium commercial vehicle registrations rebounded strongly in the March quarter, but light commercial registrations continued to soften. Sustained uncertainty over government policy continue to weigh on businesses’ willingness to invest, with construction and agriculture both showing little real improvement in business sentiment.