New Zealand’s automotive industry has long had a reputation for innovation, sophistication, and economic stability. As one of the world’s smaller players when it comes to cars, the country’s industry still enjoys a strong level of domestic production and exports. Cars made in New Zealand are known for their ability to meet the needs of customers, while also having a lower cost than those of larger competitors. Let’s take a closer look at the industry’s impressive numbers and figures.
Domestic Production
In 2017, New Zealand produced over 67,000 cars for domestic consumption. That is a 5.9% increase from the year before, making the automotive industry one of the country’s key contributors to economic growth. Of the 67,000 cars produced, the majority were four-wheel drives and passenger vehicles.
New Zealand is also home to a number of well-known and respected car manufacturers, including Mitsubishi, Toyota, and Honda. These brands are known for producing reliable and cost-efficient cars that meet the demands of customers.
Exports
New Zealand is also a major exporter of cars, with exports rising by 9.5% in 2017 to a total of 24,000 cars. The majority of cars exported were four-wheel drives, with passenger vehicles making up the second-largest export category. The country’s largest export markets are Australia, the United States, and China.
New Zealand’s export figures have been boosted by innovative car designs and features that have attracted overseas customers. The country has managed to become an attractive option for buyers by offering cars at a lower cost than those of other countries. This has been aided by the country’s commitment to investing in the industry, providing incentives to local manufacturers, and supporting the development of the latest technologies.
Future Outlook
The future of New Zealand’s automotive industry is looking positive. The industry has seen steady growth in both domestic production and exports, and is projected to continue that in the coming years. The government has also recently announced plans to invest in the sector, which should help boost both production and exports in the near future.
There are also plans to boost foreign investment in the industry, which should bring further economic gains. With an ever-increasing global demand for cars, New Zealand’s automotive industry is well-positioned to take advantage of the opportunities that lie ahead.
New Zealand’s automotive industry has a lot going for it. In terms of the numbers, the industry is performing well and is expected to continue to do so in the near future. With the right investments and investments in new technologies, the country has the potential to become an even bigger player in the global auto market.
- Domestic Production: Over 67,000 cars produced for domestic consumption in 2017, with the majority being four-wheel drives and passenger vehicles.
- Exports: 24,000 cars exported in 2017, with the majority being four-wheel drives. The country’s top export markets are Australia, the United States, and China.
The future of New Zealand’s automotive industry is looking bright. With investment in the sector and new technologies, the country has the opportunity to become a leader in the global car market. With its impressive numbers and figures, the industry is well-positioned to take advantage of the opportunities that lie ahead.