HOT TOPIC
// Auto lending remains resilient as NZ credit demand softens
Vehicle finance demand held up in June even as overall consumer credit applications slowed, with New Zealand households continuing to favour bigger purchases over discretionary borrowing.
- Autofile says Demand for car loans up 8.8%
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BEST OF THE REST
// First ORA 5 shipment sold out as New Zealand’s lowest-price electric SUV arrives
GWM’s first shipment of the ORA 5 electric SUV has already sold out in New Zealand, with most of a second shipment also allocated as the brand’s EV push gathers pace.
IN OTHER NEWS
// Motor industry pioneer Mike Nelson dies aged 78
The New Zealand motor industry is remembering dealer, importer and entrepreneur Mike Nelson, who died on July 1 aged 78 after a five-decade career spanning dealerships and used-import ventures.
// Rising fuel prices driving behaviour change but EV cost remains biggest barrier – Genesis
New Genesis Energy research finds rising fuel costs are pushing more New Zealanders to change their travel habits, though the upfront price of EVs remains the biggest barrier to switching.
// Mazda updates CX-60 range in New Zealand, ditches PHEV option
Mazda has simplified its New Zealand CX-60 line-up to three models, dropping the plug-in hybrid option in favour of an exclusively mild-hybrid range topped by a new Kuro variant.
// Banks cop it from regulator
The Commerce Commission has settled with three banks over responsible-lending breaches before handing enforcement of the relevant credit legislation to the Financial Markets Authority.
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INTERNATIONAL EV NEWS
// 2028 BMW iX5 Hydrogen: Why BMW Won’t Give Up On Hydrogen Cars
BMW continues to back hydrogen fuel-cell technology for its iX5 Hydrogen, arguing hydrogen’s long-term storage advantages could complement batteries even though round-trip efficiency lags well behind lithium-ion.
ONE LINERS
- GWM previews ORA 5 Touring, a bigger electric SUV bound for New Zealand
- GWM reveals updated Tank 300 with new plug-in hybrid option
- Polestar 4 SUV shown off ahead of global unveiling
- McMurtry unveils production-spec Spéirling PURE electric fan car
- Australia’s used EV sales surge despite softer market
- Bruce McLaren’s M6GT restored: The first McLaren road car is back
- Hennessey makes 1515kW manual hypercar
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EMPLOYMENT
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