WELLINGTON, Nov 25 (NNN-RNZ) – Imports of vehicles, parts, and accessories to New Zealand decreased, for the 11th consecutive time year-on-year, by 2.95 billion NZ dollars to 8.9 billion NZ dollars, in the year ended Oct, 2024, the statistics department Stats NZ said, today.
The total value of passenger motor vehicles imported in the 12 months through Oct, 2024, was 5.4 billion NZ dollars, down 25 percent year-on-year, which was led by the import fall of electric vehicles, petrol cars between 1.5-3 litres, and petrol and diesel cars under 1.5 litres, Stats NZ international accounts spokesperson, Viki Ward, said.
The only import category to rise was diesel cars between 1.5-2.5 litres, she added.
“Hybrid electric vehicles were the top imported passenger car in the year to Oct, 2024,” she said.
By country of origin, Japan, which has been New Zealand’s largest source of car imports, led the fall in imports of passenger motor vehicles, followed by the European Union and China, she said. (1 NZ dollar equals 0.59 U.S. dollar)– NNN-RNZ
