Porirua City Quarterly economic monitor - December 2019

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Commercial vehicle registrations

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Highlights for Porirua City

  • The number of commercial vehicles registered in Porirua City decreased by -7.7% in the year to December 2019 compared with the previous 12 months. Growth was lower than in New Zealand, where commercial vehicle sales decreased by -6.9%.
  • A total of 429 commercial vehicles were registered in Porirua City in the year to December 2019. This is higher than the ten year annual average of 292.

National overview

Commercial vehicle registrations fell 6.9% in the year to December 2019, driven mostly by a decline in light commercial vehicle registrations. Residential construction is maintaining demand for the movement of aggregates, timber and other construction products, and freight firms have benefitted from high commodity prices. However, concern about the domestic and global economic outlook continues to sap business confidence and, with construction activity expected to ease over the next few years, investment in commercial vehicles is an increasingly risky option.