New Zealand March 2024: Mitsubishi (+76.6%) defies devastated market

Mitsubishi Triton sales are back up 124% year-on-year in March.

In March New Zealand new vehicle sales sink -27.3% year-on-year to 11,616 units. This is a particularly poor result given March 2023 was already down -24% on the year prior. The Q1 volume is off -10.7% to 33,878. Passenger Cars are down -34.8% to just 1,509 sales, SUVs are also off -34.8% to 6,048 and lift commercials fare better at -5.9% to 3,367. Year-to-date, Passenger Cars are down -34.6% to 3,937, SUVs off -16.4% to 17,599 and LCVs actually up 14.1% to 10,219.  

Toyota (-9.8%) resists much better than the market to 20.6% share, by far the most popular brand in the country. The surprise of the month is Mitsubishi shooting up 76.6% to 12.8% share, overtaking Ford (-22.3%) to snap the 2nd place in the brands ranking. To be fair, its March 2023 sales were down -76.4% on the year prior. GWM (+469.9%) also posts a surreal gain and advances to #8. Kia (-22.9%) and Nissan (-25.7%) manage to keep their losses below the market evolution but it’s not the case for Hyundai (-68.4%), Suzuki (-52.5%), MG (-44.9%) and Honda (-35%).

Model-wise, the Ford Ranger (-24.5%) hold onto the top spot by a fair margin over the Toyota RAV4 (+45.1%) in excellent shape. The Mitsubishi Triton (+124%) makes up for a paltry year-ago score to climb to third place overall, dislodging the Toyota Hilux (-26.7%) down to #4. The Kia Stonic (+55.7%) surges to 5th place overall (31% rentals) ahead of the Kia Seltos (+78.6%) and Mitsubishi Outlander (+89.2%) at 47% rentals. The Mitsubishi ASX shoots up from outside the March 2023 Top 20 directly into 8th place for the month.

Previous month: New Zealand February 2024: Nissan, GWM shine in market up 1.5%

One year ago: New Zealand March 2023: Suzuki, Kia, Hyundai defy market down -24%

Full March 2024 Top 72 All brands and Top 20 models below.

New Zealand March 2024 – brands:

Pos Brand Mar-24 % /23 Feb 2024 % /23 Pos FY23
1 Toyota 2,390 20.6% – 9.8% 1 6,999 20.7% + 1.9% 1 1
2 Mitsubishi 1,489 12.8% + 76.6% 3 3,978 11.7% + 39.7% 3 3
3 Ford  1,409 12.1% – 22.3% 2 4,923 14.5% + 16.8% 2 2
4 Kia 968 8.3% – 22.9% 6 2,217 6.5% – 29.7% 4 4
5 Nissan 556 4.8% – 25.7% 5 1,543 4.6% + 14.0% 5 9
6 Hyundai 397 3.4% – 68.4% 10 999 2.9% – 60.2% 7 5
7 Suzuki 385 3.3% – 52.5% 4 1,412 4.2% – 34.5% 6 6
8 GWM 319 2.7% + 469.6% 11 892 2.6% + 783.2% 11 25
9 Honda 318 2.7% – 35.0% 7 976 2.9% – 15.9% 8 13
10 MG 307 2.6% – 44.9% 12 726 2.1% – 44.0% 13 7
11 Mazda 287 2.5% – 51.5% 8 942 2.8% – 23.8% 9 10
12 Volkswagen 276 2.4% – 1.1% 9 920 2.7% + 13.9% 10 11
13 Mercedes 228 2.0% – 16.5% 14 601 1.8% – 6.4% 14 14
14 Tesla 199 1.7% – 77.3% 15 378 1.1% – 69.4% 17 8
15 BMW 194 1.7% + 5.4% 20 452 1.3% – 5.4% 16 19
16 Isuzu 192 1.7% – 40.4% 13 775 2.3% + 7.0% 12 15
17 Subaru 147 1.3% – 27.9% 16 492 1.5% – 28.6% 15 16
18 Land Rover 145 1.2% – 16.7% 18 363 1.1% – 12.1% 18 23
19 Fuso 134 1.2% + 4.7% 22 277 0.8% – 12.9% 22 22
20 Lexus 131 1.1% – 6.4% 17 359 1.1% + 42.5% 19 21
21 Audi 121 1.0% + 6.1% 21 335 1.0% – 0.3% 20 20
22 Skoda 113 1.0% – 31.5% 19 301 0.9% – 31.1% 21 18
23 Mini 89 0.8% + 85.4% 29 187 0.6% + 17.6% 24 27
24 Scania 57 0.5% – 1.7% 26 174 0.5% + 15.2% 28 30
25 Mahindra 53 0.5% + 60.6% 25 157 0.5% + 220.4% 29 42
26 Peugeot 52 0.4% – 34.2% 24 180 0.5% – 37.1% 26 26
27 BYD 49 0.4% – 92.1% 32 126 0.4% – 87.3% 32 12
28 Hino 46 0.4% – 47.1% 31 131 0.4% – 37.6% 30 28
29 LDV 39 0.3% – 78.7% 23 181 0.5% – 56.7% 25 24
30 Fiat 36 0.3% + 71.4% 30 209 0.6% + 145.9% 23 29
31 Volvo 36 0.3% – 69.0% 39 94 0.3% – 53.2% 37 32
32 SsangYong/KGM 35 0.3% – 57.3% 44 101 0.3% – 35.7% 33 35
33 Porsche 34 0.3% + 61.9% 28 176 0.5% + 28.5% 27 36
34 Iveco 30 0.3% – 36.2% 27 128 0.4% + 15.3% 31 31
35 DAF 30 0.3% + 20.0% 37 96 0.3% + 50.0% 35 44
36 UD Trucks 28 0.2% – 28.2% 46 73 0.2% + 0.0% 42 40
37 Jaguar 28 0.2% + 16.7% 41 63 0.2% – 6.0% 43 48
38 Volvo Trucks 26 0.2% – 10.3% 35 101 0.3% + 13.5% 34 41
39 Cupra 25 0.2% – 21.9% 36 94 0.3% – 13.0% 36 37
40 Kenworth 20 0.2% + 53.8% 38 84 0.2% + 100.0% 39 46
41 Ram 20 0.2% – 39.4% 40 80 0.2% + 0.0% 40 43
42 Jeep 17 0.1% + 21.4% 43 54 0.2% – 11.5% 44 34
43 Renault 16 0.1% – 68.0% 42 73 0.2% – 44.3% 41 39
44 Foton 15 0.1% – 28.6% 45 38 0.1% – 7.3% 46 49
45 CRRC 14 0.1% n/a 33 51 0.2% n/a 45 58
46 Chevrolet 13 0.1% – 38.1% 34 92 0.3% + 39.4% 38 45
47 Haval 12 0.1% – 94.6% 47 34 0.1% – 93.8% 47 17
48 Ineos 8 0.1% new 49 24 0.1% new 48 52
49 Aston Martin 8 0.1% + 100.0% 52 14 0.0% – 6.7% 52 56
50 Polestar 7 0.1% – 95.2% 48 16 0.0% – 90.2% 51 33
51 Opel 7 0.1% – 36.4% 71 11 0.0% – 84.3% 56 38
52 Citroen 5 0.0% – 66.7% 50 22 0.1% – 56.0% 49 47
53 MAN 4 0.0% – 63.6% 54 16 0.0% – 66.0% 50 50
54 Sinotruk 4 0.0% + 300.0% 51 12 0.0% + 200.0% 54 65
55 Alfa Romeo 4 0.0% – 33.3% 56 11 0.0% – 26.7% 55 51
56 Ferrari 4 0.0% + 100.0% 61 10 0.0% + 0.0% 58 60
57 Western Star 4 0.0% + 33.3%  – 4 0.0% – 20.0% 69 66
58 Mack 3 0.0% – 57.1% 59 8 0.0% – 33.3% 62 57
59 Omoda 3 0.0% new  – 3 0.0% new 72  –
60 Can-Am 2 0.0% – 50.0% 57 10 0.0% + 0.0% 57 59
61 International 2 0.0% + 0.0% 55 10 0.0% + 233.3% 59 64
62 Yamaha 2 0.0% – 60.0% 65 5 0.0% – 16.7% 67 62
63 Higer 2 0.0% n/a  – 2 0.0% n/a 77  –
64 Maserati 1 0.0% – 87.5% 53 14 0.0% + 7.7% 53 53
65 Bentley 1 0.0% – 50.0% 58 8 0.0% – 50.0% 61 55
66 Dennis Eagle 1 0.0% n/a 69 7 0.0% n/a 63  –
67 Lamborghini 1 0.0% – 66.7%  – 6 0.0% – 25.0% 64 63
68 Rolls-Royce 1 0.0% + 0.0% 62 6 0.0% + 20.0% 65 67
69 Lotus 1 0.0% n/a 70 5 0.0% + 150.0% 66 61
70 Liebherr 1 0.0% + 0.0% 60 4 0.0% + 100.0% 68 71
71 Shacman 1 0.0% new 72 2 0.0% new 75  –
72 Morgan 1 0.0% n/a  – 1 0.0% n/a 79 74

New Zealand March 2024 – models:

Pos Model Mar-24 % /23 Pos 2024 % /23 Pos FY23
1 Ford Ranger  1,007 8.7% – 24.5% 1 3,434 10.1% + 14.9% 1 1
2 Toyota RAV4 791 6.8% + 45.1% 3 1,876 5.5% + 65.7% 3 2
3 Mitsubishi Triton 681 5.9% + 124.0% 4 1,445 4.3% + 71.0% 4 10
4 Toyota Hilux 611 5.3% – 26.7% 2 1,960 5.8% – 21.1% 2 3
5 Kia Stonic 327 2.8% + 55.7% n/a 591 1.7% – 5.3% 11 21
6 Kia Seltos 325 2.8% + 78.6% 19 759 2.2% n/a 7 22
7 Mitsubishi Outlander 316 2.7% + 89.2% 8 964 2.8% + 46.3% 5 4
8 Mitsubishi ASX 308 2.7% n/a 9 921 2.7% n/a 6 n/a
9 Nissan Navara 292 2.5% + 49.0% 7 689 2.0% + 69.7% 8 n/a
10 Suzuki Swift 192 1.7% – 62.4% 5 683 2.0% – 48.4% 9 6
11 MG ZS 185 1.6% – 60.0% 14 458 1.4% – 54.6% 16 9
12 Toyota Corolla Cross 181 1.6% n/a 17 554 1.6% n/a 12 17
13 Kia Sportage 166 1.4% – 27.8% 11 430 1.3% – 18.6% 18 n/a
14 Toyota Yaris Cross 147 1.3% – 9.8% n/a n/a n/a n/a n/a 11
15 Mitsubishi Eclipse Cross 146 1.3% – 42.7% 15 495 1.5% – 44.4% 14 7
16 Toyota Yaris 134 1.2% n/a n/a n/a n/a n/a n/a n/a
17 Ford Transit 127 1.1% + 28.3% 16 397 1.2% + 48.1% 20 n/a
18 Tesla Model 3 125 1.1% n/a n/a n/a n/a n/a n/a n/a
19 Nissan X-Trail 122 1.1% – 72.9% 23 360 1.1% – 45.0% 22 n/a
20 Hyundai Kona 121 1.0% – 49.8% n/a n’/a n/a n/a n/a 15
21 Mazda CX-5 120 1.0% – 60.3% 18 394 1.2% – 29.4% 21 23
n/a Nissan Qashqai 110 0.9% n/a n/a 404 1.2% n/a 19 n/a
n/a Ford Everest 108 0.9% n/a 6 633 1.9% n/a 10 19
n/a Toyota Hiace 107 0.9% – 48.3% 10 523 1.5% + 16.7% 13 18
n/a Toyota Land Cruiser Ute 86 0.7% #DIV/0! n/a n/a n/a n/a n/a n/a
n/a Isuzu D-Max 81 0.7% – 43.8% 20 433 1.3% + 21.6% 17 n/a
n/a VW Amarok 75 0.6% n/a 27 286 0.8% n/a n/a n/a
n/a Toyota Highlander 33 0.3% n/a 12 481 1.4% n/a 15 n/a

Source: MIA

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