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Wholesale stocks of vehicles and parts up 19 percent in June year

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Wholesale stocks of cars, trucks, and parts in the June 2017 year rose at the fastest pace since 2008, Stats NZ said today.

The actual value of wholesale stocks of motor vehicle and parts held at 30 June 2017 was $2.1 billion, up $328 million (19 percent) when compared with that at 30 June 2016. The previous largest annual stock increase was in September 2008, up $337 million (24 percent) when compared with 30 September 2007.

“The latest annual increase for motor vehicle and parts coincides with the recent high record of car imports,” wholesale trade manager Sue Chapman said.

Overseas Merchandise Trade reported that imports of vehicles, parts, and accessories was up 21 percent ($396 million) in the June 2017 quarter when compared with the same quarter last year.



The biggest annual rundown in wholesale vehicle stocks came in 2009, after the global financial crisis, when they dropped more than $500 million.

When adjusted for seasonal effects, the motor vehicle and parts wholesale stocks were up $173 million (9.2 percent) from 31 March 2017.

Wholesale trade sales rise in June quarter

Wholesale trade sales rose 1.7 percent in the June quarter, recording its fifth consecutive quarterly rise.

"The June quarter's rise in total wholesaling was driven by basic material wholesaling and machinery and equipment wholesaling," Ms Chapman said.



The actual value of wholesale trade sales was $24.9 billion in the latest quarter, up $1.4 billion (6.0 percent) from the June 2016 quarter.

Meat and dairy lift manufacturing

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The volume of meat and dairy product manufacturing rose in the June 2017 quarter, Stats NZ said. Sales values also rose, coinciding with high prices.

After adjusting for seasonal effects and removing price changes, the meat and dairy product manufacturing volume rose 8.2 percent in the June 2017 quarter.

“The rise in the meat and dairy sales volume followed falls in the previous two quarters,” manufacturing manager Sue Chapman said.

Overseas Trade Indexes reported the dairy export volume rose 19 percent, while the meat export volume rose 2.5 percent in the June 2017 quarter.

Sales values were also up 13 percent, reflecting increases in both meat and dairy product prices. Business Price Indexes reported a 3.4 percent rise in dairy product manufacturing output prices in the June 2017 quarter. Prices for meat and meat product manufacturing outputs rose 6.9 percent.



The volume of total manufacturing sales rose 1.0 percent in the June quarter, after a 0.2 percent fall in the March quarter.

The actual volume of total manufacturing sales was up 0.4 percent on the June 2016 quarter. When price changes are included, the value of manufacturing sales was $26.6 billion in the June 2017 quarter, up $2.3 billion from the June 2016 quarter.
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Quiet month in retail card spending

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Electronic card spending in retail industries fell 0.2 percent in August 2017 when adjusted for seasonal effects, Stats NZ said today. This follows a 0.6 percent fall in July 2017.

"This is the fourth consecutive monthly fall in retail card spending, which is mainly influenced by lower fuel prices over recent months," retail manager Sue Chapman said. "All the six retail industries showed only small changes, with movements less than $5 million compared with July."



Spending rose in four of the six retail industries. The largest movement was in the consumables industry, up $3.3 million (0.2 percent). The consumables industry includes grocery and liquor retailing.

Core retail spending (which excludes the vehicle-related industries) fell 0.2 percent in August 2017, after an unchanged July 2017.

Actual retail spending using electronic cards was $4.9 billion in August 2017, up $205 million (4.4 percent) from August 2016.

Values are only available at the national level, and are not adjusted for price changes.

Kia Boosts Picanto Range With SUV Variant

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Kia.jpg


By Kia New Zealand


The Kia Picanto city car range will be boosted with the introduction of an SUV variant that delivers bold styling and more power from a turbocharged engine.

Unveiled at this month’s Frankfurt Motor Show, the all-new Picanto X-Line model further broadens the appeal of the range that was recently launched in New Zealand.

It goes on sale in Europe by the end of the year and Kia Motors New Zealand has confirmed the super compact SUV will go on sale here too but is yet to confirm a launch date.

Kia Motors New Zealand General Manager, Todd McDonald, says: “The X-Line is an exciting model and we’re very much looking forward to seeing it join our Picanto line-up.

“We’ve had a very positive response to the new Picanto since it went on sale here and the SUV styling of the X-Line adds another dimension. It’s very much on trend.”

Arguably the best looking mini car on the market, the completely re-designed Picanto recently entered the New Zealand markets with three models, beginning with the LX manual, priced from a recommended $18,490+ORC, an LX Auto ($18,990+ORC) and a sports-styled GT Line auto ($21,490+ORC). All are powered by a naturally aspirated 4-cylinder 1.2-litre petrol engine and feature Autonomous Emergency Braking (AEB) as standard.The new X-Line SUV spices up the Kia Picanto formula with a more rugged body design that is highlighted by contrasting colour packs, along with raised ground clearance (now 156mm, 15mm higher than the standard Picanto) to give the driver a clearer view of the road.

Incorporating Kia’s signature ‘tiger-nose’ grille, the X-Line boasts more imposing SUV-style bumpers with metal-look skid plates at the front and rear that give it a more confident and go-anywhere appearance. A unique grille and fog lamp surrounds are finished with lime green or silver highlights, while black cladding around the wheel arches enhances the visual effect of the raised ground clearance.

Under the bonnet, the new Picanto X-Line benefits from Kia’s 1.0-litre T-GDI (turbocharged gasoline direct injection) engine, making it the most powerful Picanto ever.

As well as offering high efficiency and low emissions, the lightweight nature of the new T-GDI engine perfectly suits the Picanto’s fun-to-drive character. The 1.0-litre T-GDI engine delivers 75kW (100hp) at 4,500 rpm and 172Nm of torque between 1,500 and 4,000 rpm. It’s also very frugal, capable of 4.5 L/100km in the combined New European Driving Cycle.

The Kia Picanto X-Line is fitted with many of the features available in other Picanto models, including 16-inch aluminium alloy wheels (GT Line), aluminium pedals, LED daytime running lights and fog lamps, keyless entry (GT Line), Apple CarPlay™ and Android Auto™ for full smartphone integration. Like the Picanto GT Line, the Picanto X-Line is fitted as standard with a sporty D-cut steering wheel.

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Real time data shows dramatic variances in demand across country - New property listings fall 17.5 per cent nationally –

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The New Zealand housing market is showing significant regional variances in the lead up to the general election. Nationally, there has been a fall in new listings, static asking prices and muted demand* in August.

Property Asking Price - August 2017.jpg


“With inventory and demand both low, we are currently in a relatively stable price environment,” says realestate.co.nz spokesperson Vanessa Taylor.

Real time statistics from realestate.co.nz show that nationally new property listings were down 17.5 per cent.

Average asking prices were down 1.7 per cent nationally (compared with the previous month), while demand was down 8.5 per cent.


New property listings fall 17.5 per cent nationally, with upper North Island hardest hit

Property New Listings - August 2017.jpg


Statistics from realestate.co.nz show that the number of new property listings in August fell 17.5 per cent nationally compared to the same month last year. All regions were impacted except for Hawkes Bay and the West Coast which both increased.

Only 8,729 new listings were registered across the country during August.

The upper half of the North Island saw the most dramatic falls in new listings compared to the same period last year, with Auckland down 22.7 per cent, Waikato 23.2 per cent, Northland 24.0 per cent and Coromandel 37.6 per cent.


Asking prices fall in Auckland region, interest falters

“The Auckland market appears to have lost its shine when it comes to potential buyer interest and asking prices have fallen,” says Vanessa Taylor.

Property asking prices fell one per cent in August to $933,502 compared to July 2017. The last time average Auckland asking prices were at this level was September 2016 when it stood at $933,435. In June 2017, there was an anomaly drop when we saw an influx of 800 apartments come onto the market, impacting on the overall average asking price.

Property Demand - August 2017.jpg


Of the 19 regions, demand for Auckland property sat at -23.9 per cent, placing the country’s largest city at the bottom of the table.

The Auckland region also registered a 22.7 per cent fall in the number of new property listings compared to August 2016.


Asking prices “all-time highs” in five regions

In contrast to Auckland, asking prices in August were at all-time highs in five other regions across the country – namely Waikato, Wellington, Taranaki, Central Otago Lakes and the Wairarapa.


Waikato:

“The Waikato region paints an interesting picture,” says Vanessa Taylor.


“The record average asking price of $552,707 is offset by a 23.2 per cent fall in the number of new property listings compared to the same period last year, so it could be assumed that asking prices may be impacted by supply and demand pressures,” she says.

However, interest in the region (as recorded by demand) is relatively low. The Waikato region is second to bottom (above Auckland) when it comes to interest from across the country (-18.61 per cent).

Taranaki:

The Taranaki region recorded a record asking price in August of $405,105 and was also in the top three regions in terms of demand up 27.73 per cent.


Wellington and Wairarapa:

Close neighbours, the Wairarapa and Wellington regions both recorded asking price highs, but painted a different picture when it came to demand.


The Wellington region’s asking price was up two per cent to $579,243, but sat at third lowest on the demand table (above the Waikato and Auckland regions).


By contrast in the Wairarapa the average asking price was up 7.5 per cent to $430,387, while demand was also up 11.2 per cent placing it sixth of the 19 regions across the country.


Central Otago/Lakes:

For the first time in history, the Central Otago/Lakes District broke the $900k mark in asking prices, recording a significant lift (up 9.1 per cent) from the previous month. This takes the average asking price in the region to $919,460, snapping closely at the heels of the Auckland region.


In terms of demand, the Central Otago/Lakes District just made the Top 10 list, with a 5.9 per cent increase.


*Demand: the increase or decrease in the number of views per listing in that region, taken over a rolling three-month time frame, compared to the same three-month time frame the previous year – including the current month.


Inventory of Listings - August 2017.jpg



ENDS

Glossary of terms

Being the only provider of real estate data in real time, realestate.co.nz offers valuable property market information not available from other sources.


Average asking price gives an indication of current market sentiment. Statistically, asking prices tend to correlate closely with the sales prices recorded in future months when those properties are sold. As it looks at different data, average asking prices may differ from recorded sales data released at the same time.

Inventory is a measure of how long it would take, theoretically, to sell the current stock

at current average rates of sale if no new properties were to be listed for sale. It provides a measure of the rate of turnover in the market.

New listings are a record of all the new listings on realestate.co.nz for the relevant

calendar month. As realestate.co.nz reflects 97 per cent of all properties listed through registered

estate agents in New Zealand, this gives a representative view of the New Zealand property market.

Demand: the increase or decrease in the number of views per listing in that region, taken over a rolling three-month time frame, compared to the same three-month time frame the previous year – including the current month.

Seasonal adjustment is a method realestate.co.nz uses to better represent the core underlying trend of the property market in New Zealand. This is done using methodology from the New Zealand Institute of Economic Research.

• Truncated mean is the method realestate.co.nz uses to provide statistically relevant asking prices.

The top and bottom 10 per cent of listings in each area are removed before the average is

calculated, to prevent exceptional listings from providing false impressions.



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