Manheim New Zealand Market Report Q2 2016 | Page 3

Introduction H ello and welcome to the Q2 edition of our Quarterly New Zealand Market Report. As usual we bring you news on how the new vehicle market is performing, with a wrap on how things are looking at the half way point of the year. The good news in New Zealand is that we will also benefit from the combined strength of Cox Automotive having a strong presence in Oceania. Firstly apologies for the delay in this report, however we have been holding off so we could bring you news from Australia about the plan for CarsGuide, Dealer Solutions and Manheim to merge as part of Cox Automotive Australia. We have included this news as the very first story in this issue and the good news in New Zealand is that we will also benefit from the combined strength of Cox Automotive having a strong presence in Oceania. Our report wouldn’t be complete without providing you with some commentary and insight from within our business. This quarter we have a special report on the growth of online sales, especially since the introduction of our new Simulcast system. It also looks at digital marketing and role social media is playing in our growing online presence. In closing I wanted to mention the first six months results across our business has been particularly pleasing, with sales targets being reached in all divisions, with Truck and Machinery being particularly strong. We have seen new financier customers coming on board which has seen volumes and sales increase in our Thursday public auctions. We also bring you a report on the likely impact of the UK vehicle market post the Brexit vote as well as covering a global study which predicts up to 21 million autonomous vehicle sales by 2035. We also held our first offsite Truck and Machinery auction using our new Simulcast auction software and we have many planned in the next few months, allowing us to deliver onsite services for our customers. Locally we look at two stories in relation to electric vehicles. The government has just announced an assistance package to stimulate EV sales, which looks to be a good move amidst a report from the World Energy Council stating the future emissions gap can only be met by the increased uptake of electric vehicles. We hope you find this report informative and a valuable addition to the market intelligence you already receive. We welcome any feedback as our aim is to bring you information you find relevant and useful each and every quarter. Please feel free to let us know your thoughts at [email protected] Q2 Andrew Sherliker General Manager Manheim New Zealand 3