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
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