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Speaker 1: Part of the economic turn around showing up in new

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Speaker 1: car sales data. So we've got registrations for October coming

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Speaker 1: in at fourteen two hundred and forty. Is that good? Yes,

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Speaker 1: it is. It's up over thirteen percent. Now that's the

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Speaker 1: fourth straight month of growth in a row. Amy Wyley's

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Speaker 1: the Motor Industry Association boss, and is back with this

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Speaker 1: Amy Morning, Good morning. I reckon four months is a trend,

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Speaker 1: doesn't it?

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Speaker 2: Well, we think it's encouraging signs.

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Speaker 1: Also, passenger or commercial or both? What's driving it?

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Speaker 2: Both passenger in commercial are both on track. Look, it's

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Speaker 2: been a challenging couple of years for the new vehicle industry,

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Speaker 2: but the last few months have bought some genuinely encouraging science.

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Speaker 2: And that's coming from across the board. So we've seen

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Speaker 2: an uplift and private buyers. We've seen an uplift and

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Speaker 2: business buyers. But the last two months in particular are

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Speaker 2: strong rental buyers.

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Speaker 1: Yeah. I was going to say that forty six hundred

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Speaker 1: and eighteen rentals. That's tourism, isn't it. I mean you

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Speaker 1: don't buy cars for rental purposes unless you're bullish.

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Speaker 2: Do you correct? So that's confidence. That's why we think

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Speaker 2: this as the vehicle market studying is because of course

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Speaker 2: confidence returning, and we're hopeful that early signs of economic recovery.

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Speaker 1: Do you break down the numbers or have any access

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Speaker 1: to the numbers as to how people bought them? I

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Speaker 1: mean do they buy them with cash or lease or

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Speaker 1: you know whatever.

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Speaker 2: We don't know how they bought them, but we do

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Speaker 2: know through our members and their retail partners, how they

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Speaker 2: buy them. And that is when the OCR easing starts

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Speaker 2: to kick. And we're expecting to see an uplift too,

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Speaker 2: because that makes finance easier for people. Right, We're expecting

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Speaker 2: to see more private buyers coming to the market in

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Speaker 2: the next six to twelve months.

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Speaker 1: It's interesting to see the breakdown. I mean, you've done

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Speaker 1: want to focus too much on month or month, but

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Speaker 1: I mean Petrick Ice at seventy nine hundred versus hybrid

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Speaker 1: see hybrid? Do people even know they're buying a hybrid?

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Speaker 1: Often one of those hybrids with a bit of battery

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Speaker 1: support or something like that. Do people go in looking

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Speaker 1: for that or it just happens to be a hybrid?

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Speaker 2: No, I think people are actively looking for these and

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Speaker 2: a look hybrids are a little bit more expensive, not

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Speaker 2: a lot, but a little bit more expensive on the hule.

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Speaker 2: People are consciously buying those because of the fuel efficiency.

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Speaker 2: People are choosing smarter because it's it's thoughtful demand, not

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Speaker 2: speculative buying.

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Speaker 1: Thoughtful demand. That's an interesting way of putting it. See,

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Speaker 1: the BEVs and the plug ins just aren't working. Are

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Speaker 1: they rightly or wrongly? They're not working.

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Speaker 2: Well. It's a challenge in New Zealand with evs, and

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Speaker 2: I group both BEVs and PEVs into that. Now it's

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Speaker 2: a good news story in October for PEVs, so let's

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Speaker 2: hope that trend continues. But the reason it's a bit

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Speaker 2: challenging in New Zealand compared to the rest of the

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Speaker 2: world is that we've got our charging infrastructure is one

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Speaker 2: of the worst in the OECD, and so we're rarely

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Speaker 2: reliant on those ten thousand charges coming by twenty thirty.

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Speaker 2: But also our geographical topography and our terrain and how

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Speaker 2: we use our vehicles. We don't have long, straight roads,

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Speaker 2: so it's more demanding. So from that point of view,

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Speaker 2: I would say that kiwis are more cautious and more

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Speaker 2: hesitant to that technology at the moment.

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Speaker 1: Given the BEV number which isn't great, are you seeing

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Speaker 1: a note us all shifted all to this Chinese influx

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Speaker 1: of cheap, cheap bebs.

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Speaker 2: Well, the numbers don't show, don't show that. We can

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Speaker 2: see the Chinese bebs certainly starting to come up through

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Speaker 2: the ranks, but they're still I mean, with the exception

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Speaker 2: of BYD, which is well established in our market, they're

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Speaker 2: still not on sort of the five, the top five

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Speaker 2: or top top eight yet. But we're seeing that. Look

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Speaker 2: they're coming in, they're taking out ten percent of the market,

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Speaker 2: and they're growing. They're definitely growing, and the same trend

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Speaker 2: as happening in Australia as well, so that it's certainly

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Speaker 2: something to watch.

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Speaker 1: Well, it's good talk to Youami, appreciate very much, Amie Wiley.

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Speaker 1: I talk to anyone about cars. Thank you who you are.

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Speaker 1: You can ring up now and I'll give you twenty

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Speaker 1: minutes on the program just talk about cars. The SUV's, SUV,

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Speaker 1: medium's sub compacts. I mean of the fourteen thousand, about

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Speaker 1: eight or nine thousand of them are SUVs. We just

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Speaker 1: love SUVs. We cannot get enough of them. For more

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Speaker 1: from the Mike asking Breakfast. Listen live to news talks

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