New Zealand new vehicle sales rose 14 percent in September, providing a bright light in the current gloomy economic environment, says the Motor Trade Association.
New vehicle sales increased to 8,690 last month from 7,628 compared in the same month a year earlier, the association said in a statement. New car sales rose 17 percent to 6,637, making 2012 the strongest September in four years.
"There are still plenty of aggressive marketing campaigns out there and buyer interest remains strong," MTA spokesperson Ian Stronach said.
"With the New Zealand dollar remaining at close to historically high rates, a new vehicle is stacking up as a compelling proposition for more and more people."
The New Zealand dollar is currently trading near its recent six-month highs at 81.95 US cents.