Motor-cycle sales plunge 40 per cent
PA Wellington Motor-cycle sales plunged 40 per cent in October from figures for the same' month last year. . < New motor-cycle registrations in October were 1382, 977 down on the same month last year and 730 less than Budget month, August, but one source was still confident that the market would pick up this'month. : Mr Michael Harris, the motor-cycle ; dealers’ repre-sentative-on ;• the : MotorVehicle Dealers’ Institute Wellington; branch, .said November normally saw
“quite a good build-up to Christmas.” February! and March were also stronger months. The Budget’s removal of the sales tax rebate on farm motor-cycles, traditionally between 60 and 65 per cent of the market, had produced a marked effect, Mr Harris said. “If there are any variations there it affects the whole market,” he said. Mr Harris said he did not view, the present situation, which he said was “quite a hiccup,” with any concern.
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Press, 26 November 1982, Page 13
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151Motor-cycle sales plunge 40 per cent Press, 26 November 1982, Page 13
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