Home Car Deals New Zealand March 2024: Mitsubishi (+76.6%) defies devastated market

New Zealand March 2024: Mitsubishi (+76.6%) defies devastated market

by red


Mitsubishi Triton sales rose 124% in March compared to the same period last year.

In March, new car sales in New Zealand fell -27.3% year on year to 11,616 units. This is a particularly poor performance given that the index was already down -24% year-on-year in March 2023. First-quarter volume was down -10.7% to 33,878. Passenger car sales fell -34.8% to just 1,509, SUV sales also fell -34.8% to 6,048, and commercial sales improved -5 .9% to 3,367. Year to date, the number of passenger cars was down -34.6% to 3,937, SUVs were down -16.4% to 17,599, and the number of light commercial vehicles was actually up 14.1% to 10,219.

Toyota (-9.8%) is far better than the market in resisting a 20.6% share, by far the most popular brand in the country. The surprise of the month was that Mitsubishi’s share increased from 76.6% to 12.8%, overtaking Ford (-22.3%) and taking 2nd place in the brand ranking. To be fair, sales in March 2023 fell -76.4% compared to the previous year. GWM (+469.9%) also shows incredible growth and rises to 8th place. Kia (-22.9%) and Nissan (-25.7%) manage to keep their losses below the market dynamics, but this does not apply to Hyundai (-68.4%), Suzuki (-52.5%), MG (- 44.9%) and Honda. (-35%).

In terms of models, the Ford Ranger (-24.5%) holds the top spot by a wide margin over the in-form Toyota RAV4 (+45.1%). The Mitsubishi Triton (+124%) makes up for last year’s meager result and moves up to third place overall, displacing the Toyota Hilux (-26.7%) into fourth place. The Kia Stonic (+55.7%) moved up to 5th place overall (31% rental), ahead of the Kia Seltos (+78.6%) and Mitsubishi Outlander (+89.2%) with 47% rental. Mitsubishi ASX broke out of the top on March 20, 2023 and immediately took 8th place for the month.

Previous month: New Zealand February 2024: Nissan and GWM shares rose 1.5% on the market.

One year ago: New Zealand March 2023: Suzuki, Kia, Hyundai challenge market -24%

Full March 2024 Below are the top 72 brands and top 20 models.

New Zealand, March 2024 – brands:

Pos. Brand March 24 % /23 February 2024 % /23 Pos. FY23
1 Toyota 2390 20.6% – 9.8% 1 6999 20.7% + 1.9% 1 1
2 Mitsubishi 1489 12.8% + 76.6% 3 3978 11.7% + 39.7% 3 3
3 Ford 1409 12.1% – 22.3% 2 4923 14.5% + 16.8% 2 2
4 Kia 968 8.3% – 22.9% 6 2217 6.5% – 29.7% 4 4
5 Nissan 556 4.8% – 25.7% 5 1543 4.6% + 14.0% 5 9
6 Hyundai 397 3.4% – 68.4% 10 999 2.9% – 60.2% 7 5
7 Suzuki 385 3.3% – 52.5% 4 1412 4.2% – 34.5% 6 6
8 GVM 319 2.7% + 469.6% eleven 892 2.6% + 783.2% eleven 25
9 Honda 318 2.7% – 35.0% 7 976 2.9% – 15.9% 8 13
10 MG 307 2.6% – 44.9% 12 726 2.1% – 44.0% 13 7
eleven Mazda 287 2.5% – 51.5% 8 942 2.8% – 23.8% 9 10
12 Volkswagen 276 2.4% – 1.1% 9 920 2.7% + 13.9% 10 eleven
13 Mercedes 228 2.0% – 16.5% 14 601 1.8% – 6.4% 14 14
14 Tesla 199 1.7% – 77.3% 15 378 1.1% – 69.4% 17 8
15 BMW 194 1.7% + 5.4% 20 452 1.3% – 5.4% 16 19
16 Isuzu 192 1.7% – 40.4% 13 775 2.3% + 7.0% 12 15
17 Subaru 147 1.3% – 27.9% 16 492 1.5% – 28.6% 15 16
18 Land Rover 145 1.2% – 16.7% 18 363 1.1% – 12.1% 18 23
19 Fuso 134 1.2% + 4.7% 22 277 0.8% – 12.9% 22 22
20 Lexus 131 1.1% – 6.4% 17 359 1.1% + 42.5% 19 21
21 Audi 121 1.0% + 6.1% 21 335 1.0% – 0.3% 20 20
22 Skoda 113 1.0% – 31.5% 19 301 0.9% – 31.1% 21 18
23 Mini 89 0.8% + 85.4% 29 187 0.6% + 17.6% 24 27
24 Scania 57 0.5% – 1.7% 26 174 0.5% + 15.2% 28 thirty
25 Mahindra 53 0.5% + 60.6% 25 157 0.5% + 220.4% 29 42
26 Peugeot 52 0.4% – 34.2% 24 180 0.5% – 37.1% 26 26
27 BID 49 0.4% – 92.1% 32 126 0.4% – 87.3% 32 12
28 Hino 46 0.4% – 47.1% 31 131 0.4% – 37.6% thirty 28
29 LDV 39 0.3% – 78.7% 23 181 0.5% – 56.7% 25 24
thirty Fiat 36 0.3% + 71.4% thirty 209 0.6% + 145.9% 23 29
31 Volvo 36 0.3% – 69.0% 39 94 0.3% – 53.2% 37 32
32 SsangYong/KGM 35 0.3% – 57.3% 44 101 0.3% – 35.7% 33 35
33 Porsche 34 0.3% + 61.9% 28 176 0.5% + 28.5% 27 36
34 Iveco thirty 0.3% – 36.2% 27 128 0.4% + 15.3% 31 31
35 DAF thirty 0.3% + 20.0% 37 96 0.3% + 50.0% 35 44
36 UD Trucks 28 0.2% – 28.2% 46 73 0.2% + 0.0% 42 40
37 Jaguar 28 0.2% + 16.7% 41 63 0.2% – 6.0% 43 48
38 Volvo Trucks 26 0.2% – 10.3% 35 101 0.3% + 13.5% 34 41
39 Cupra 25 0.2% – 21.9% 36 94 0.3% – 13.0% 36 37
40 Kenworth 20 0.2% + 53.8% 38 84 0.2% + 100.0% 39 46
41 Ram 20 0.2% – 39.4% 40 80 0.2% + 0.0% 40 43
42 Jeep 17 0.1% + 21.4% 43 54 0.2% – 11.5% 44 34
43 Renault 16 0.1% – 68.0% 42 73 0.2% – 44.3% 41 39
44 Photon 15 0.1% – 28.6% 45 38 0.1% – 7.3% 46 49
45 CRRC 14 0.1% n/a 33 51 0.2% n/a 45 58
46 Chevrolet 13 0.1% – 38.1% 34 92 0.3% + 39.4% 38 45
47 Hawal 12 0.1% – 94.6% 47 34 0.1% – 93.8% 47 17
48 Ineos 8 0.1% new 49 24 0.1% new 48 52
49 Aston Martin 8 0.1% + 100.0% 52 14 0.0% – 6.7% 52 56
50 polar Star 7 0.1% – 95.2% 48 16 0.0% – 90.2% 51 33
51 Opel 7 0.1% – 36.4% 71 eleven 0.0% – 84.3% 56 38
52 Citroen 5 0.0% – 66.7% 50 22 0.1% – 56.0% 49 47
53 MAN 4 0.0% – 63.6% 54 16 0.0% – 66.0% 50 50
54 Sinotruk 4 0.0% + 300.0% 51 12 0.0% + 200.0% 54 65
55 Alfa Romeo 4 0.0% – 33.3% 56 eleven 0.0% – 26.7% 55 51
56 Ferrari 4 0.0% + 100.0% 61 10 0.0% + 0.0% 58 60
57 Western Star 4 0.0% + 33.3% 4 0.0% – 20.0% 69 66
58 Poppy 3 0.0% – 57.1% 59 8 0.0% – 33.3% 62 57
59 Omoda 3 0.0% new 3 0.0% new 72
60 Kan-Am 2 0.0% – 50.0% 57 10 0.0% + 0.0% 57 59
61 International 2 0.0% + 0.0% 55 10 0.0% + 233.3% 59 64
62 Yamaha 2 0.0% – 60.0% 65 5 0.0% – 16.7% 67 62
63 Higer 2 0.0% n/a 2 0.0% n/a 77
64 Maserati 1 0.0% – 87.5% 53 14 0.0% + 7.7% 53 53
65 Bentley 1 0.0% – 50.0% 58 8 0.0% – 50.0% 61 55
66 Dennis Eagle 1 0.0% n/a 69 7 0.0% n/a 63
67 Lamborghini 1 0.0% – 66.7% 6 0.0% – 25.0% 64 63
68 Rolls-Royce 1 0.0% + 0.0% 62 6 0.0% + 20.0% 65 67
69 Lotus 1 0.0% n/a 70 5 0.0% + 150.0% 66 61
70 Liebherr 1 0.0% + 0.0% 60 4 0.0% + 100.0% 68 71
71 Shakman 1 0.0% new 72 2 0.0% new 75
72 Morgan 1 0.0% n/a 1 0.0% n/a 79 74

New Zealand March 2024 – Models:

Pos. Model March 24 % /23 Pos. 2024 % /23 Pos. FY23
1 Ford Ranger 1007 8.7% – 24.5% 1 3.434 10.1% + 14.9% 1 1
2 Toyota RAV4 791 6.8% + 45.1% 3 1876 5.5% + 65.7% 3 2
3 Mitsubishi Triton 681 5.9% + 124.0% 4 1445 4.3% + 71.0% 4 10
4 Toyota Hilux 611 5.3% – 26.7% 2 1960 5.8% – 21.1% 2 3
5 Kia Stonic 327 2.8% + 55.7% n/a 591 1.7% – 5.3% eleven 21
6 Kia Seltos 325 2.8% + 78.6% 19 759 2.2% n/a 7 22
7 Mitsubishi Outlander 316 2.7% + 89.2% 8 964 2.8% + 46.3% 5 4
8 Mitsubishi ASX 308 2.7% n/a 9 921 2.7% n/a 6 n/a
9 Nissan Navara 292 2.5% + 49.0% 7 689 2.0% + 69.7% 8 n/a
10 Suzuki Swift 192 1.7% – 62.4% 5 683 2.0% – 48.4% 9 6
eleven MG ZS 185 1.6% – 60.0% 14 458 1.4% – 54.6% 16 9
12 Toyota Corolla Cross 181 1.6% n/a 17 554 1.6% n/a 12 17
13 Kia Sportage 166 1.4% – 27.8% eleven 430 1.3% – 18.6% 18 n/a
14 Toyota Yaris Cross 147 1.3% – 9.8% n/a n/a n/a n/a n/a eleven
15 Mitsubishi Eclipse Cross 146 1.3% – 42.7% 15 495 1.5% – 44.4% 14 7
16 Toyota Yaris 134 1.2% n/a n/a n/a n/a n/a n/a n/a
17 Ford Transit 127 1.1% + 28.3% 16 397 1.2% + 48.1% 20 n/a
18 Tesla Model 3 125 1.1% n/a n/a n/a n/a n/a n/a n/a
19 Nissan X-Trail 122 1.1% – 72.9% 23 360 1.1% – 45.0% 22 n/a
20 Hyundai Kona 121 1.0% – 49.8% n/a n/a n/a n/a n/a 15
21 Mazda CX-5 120 1.0% – 60.3% 18 394 1.2% – 29.4% 21 23
n/a Nissan Qashqai 110 0.9% n/a n/a 404 1.2% n/a 19 n/a
n/a Ford Everest 108 0.9% n/a 6 633 1.9% n/a 10 19
n/a Toyota Hias 107 0.9% – 48.3% 10 523 1.5% + 16.7% 13 18
n/a Toyota Land Cruiser Utah 86 0.7% #DIV/0! n/a n/a n/a n/a n/a n/a
n/a Isuzu D-Max 81 0.7% – 43.8% 20 433 1.3% + 21.6% 17 n/a
n/a Volkswagen Amarok 75 0.6% n/a 27 286 0.8% n/a n/a n/a
n/a Toyota Highlander 33 0.3% n/a 12 481 1.4% n/a 15 n/a

Source: Ministry of Internal Affairs

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