Marlborough Region Quarterly economic monitor - June 2020

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Commercial vehicle registrations

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Highlights for Marlborough Region

  • The number of commercial vehicles registered in Marlborough Region decreased by -29.3% in the year to June 2020 compared with the previous 12 months. Growth was lower than in New Zealand, where commercial vehicle sales decreased by -24.6%.
  • A total of 566 commercial vehicles were registered in Marlborough Region in the year to June 2020. This is higher than the ten year annual average of 545.

National overview

Commercial vehicle registrations fell 48%pa in the June 2020 quarter, which contributed to a 25% fall in the June 2020 year. Commercial vehicle registrations have been weakening since the middle of last year but, at just over 9,000 registrations, the June 2020 quarter result was comparable to levels last seen in the aftermath of the GFC. The June 2020 quarter saw falls in light, medium and very-heavy commercials. However, there are early signs of a recovery in light commercials on the back of a primary sector that is seeing continued demand for New Zealand’s food exports, a better than expected pipeline of construction work in the near-term, and households’ willingness to spend money saved during lockdown.