HOT TOPIC
// Industry body directing customers towards dealer finance
As the challenging economic climate continues, consumers looking to purchase a motor vehicle are being urged to shop around and rethink whether “putting it on the mortgage” is the best idea.
- AutoFile says Consumers ‘better off’ with dealer finance
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BEST OF THE REST
// Mini Cooper 5-door priced for NZ
Mini’s line-up revival continues with the recently announced Cooper 5-door, which will be available in New Zealand priced from $48,990.
// Hyundai tops June EV sales
Hyundai sold the most new EVs in June 2024, although the Tesla Model 3 was the top seller with 67 units registered out of a total 618 battery electric vehicles (BEVs).
IN OTHER NEWS
// BYD makes further cuts to ‘clear 2023 stock’
BYD New Zealand has reduced pricing further on its electric vehicle range in what it says is a move to clear out 2023 stock.
// Mercedes to roll out an array of new models after EV missteps
Mercedes-Benz Group AG is gearing up for a near-record slew of new models after its first generation of battery-powered cars fell short.
// Ampere to add LFP batteries for Renault Group
Ampere is introducing lithium iron phosphate (LFP) technology to complement nickel cobalt manganese (NCM) batteries in the Renault Group and provide cell-to-pack solutions for pouch-type batteries with partner LG Energy Solution.
// Dealers top liquidation risk ratings
Credit defaults among automotive business increase 33 per cent year-on-year amid “challenging conditions”.
// Big solar farm now ready for development
Nova Energy’s 400MW solar farm Te Rahui on about 1000ha used for dairying near Taupo is expected to start construction later this year.
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// Fair to say these weren’t the expected results.
A few of us in the NZCD Facebook group decided to collate our TradeMe advert results and make a big anonymous report telling us the most cost effective exposure level.
To be honest we were quietly hoping it would back up cutting spend. Not quite what the data is showing unfortunately.
But. Data scientists say 10% is the minimum sample size for a statistically viable results.
We only had 2.2%. So there’s hope!
Bottom line, we need about 100 dealers to take part.
INTERNATIONAL EV NEWS
// Nyobolt’s electric sports car shows 5-minute fast-charging in action
Very fast-charging cells could help steer EVs away from excess weight and bigger battery packs than needed.
ONE LINERS
- Exclusive Urban Bamboo Porsche 911 Turbo S pays tribute to classic 959
- Two in five best-selling EVs in Europe in May from China
- VIA makes plea over CCS fees
- Company grows with Mitsubishi
- Cars have caught the human condition – they’re obese
- Key ICE Models Axed as Suzuki preps for EVs in UK
- MG HS Radical Makeover Teased in Preview
- Hyundai shows off baby EV, New Zealand launch a possibility
OTHER STUFF
// NZ Car Dealers Private Facebook Group
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Reach a highly targeted group of automotive industry professionals. Dealer Principal’s, Sales Managers, Parts and Service Managers, Industry Suppliers, and all the people working with them that help influence buying decisions.