Northern News : January 21st 2015
NEWS Motoring Bumper year for car sales Our love affair with motor vehicles was strong in 2014, according to the Motor Trade Association, with double-digit growth in almost every sector of New Zealand’s vehicle sales. Total vehicle sales showed a 21 per cent increase over the previous year. Last year 265,216 new and used imported vehicles were registered, significantly more than the 218,329 vehicles sold for the first time in 2013. ‘‘The growth this year (2014) has been huge,’’ MTA chief executive Warwick Quinn says. ‘‘If they were lined up end to end, the vehicles added to the fleet in 2014 would make a line longer than the driving distance from Kaitaia to Wellington,’’ Quinn says. ‘‘We now have the largest number of cars in this country, ever. Our figures indicate there are now 5.7 passenger vehicles for every 10 people.’’ The new commercial sector was up 19 per cent on 2013 at 36,716 units, the largest year on record and the fifth year of growth. Ford’s Ranger ute won the battle for the highest-selling light commercial with 6342 units, while Toyota’s Hilux, after 32 years in the top spot, was knocked into second place with 5778 sales. There was a 30 per cent increase on 2013 for used imported commercials at 7943 sales. New passenger car sales were up 10 per cent on 2013 at 90,632, the segment’s best year since 1984, with five years of continuous growth. Toyota’s Corolla dominated with 6473 sales, followed by Holden’s Commodore (3007 units) and the Suzuki Swift (2686 units). The used imported passenger segment hit a nine-year high with 129,925 units in 2014, up 31 percent on 2013. New and used imported motorcycle sales were also strong. The total road-registered motorcycles for 2014 reached 9672 units, up 11 per cent on 2013. The new motorcycle segment was up 7 per cent at 7520 units, the best year for registrations since 2009. The used motorcycle segment was up 25 per cent for 2014 to 2152 sales. Tourists have keys confiscated Tourists caught driving their rented cars dangerously on New Zealand roads are having their keys confiscated. After receiving *555 complaints, police are stopping the cars and, after assessing their driving behaviour, calling rental operators to ask if they want to cancel the car hire contract. If the company agrees, police confiscate the keys. About 10 foreign drivers in rental vehicles had their car keys confiscated at the roadside in the past six months, after police received reports of potentially deadly driving manoeuvres, the Rental Vehicle Association says. One was an overseas driver who performed several high-risk passing manoeuvres. In another incident a tourist driver could not keep on the proper side of the road. Foreign drivers hit the headlines during the holiday period. Two tourists died when their car smashed through the Wanganui bridge railing on the West Coast. A German national caused a crash in Southland on Boxing Day, killing a Chinese student living in Invercargill. Association chief executive Barry Kidd says cancelling the contracts may have saved lives. ‘‘This is with extremely risky behaviour where if they had not been stopped an accident is likely to have resulted,’’ he says. The move is part of an NZ Transport Agency (NZTA)-led project called Visiting Drivers, Kidd says. ‘‘In most cases where keys were confiscated and the rental company phoned, at least three *555 calls had been made.’’ Nationally, tourist driver at- fault crashes were decreasing, with 6 per cent of injury crashes involving tourist drivers, NZTA’s International Visitors Research Report shows. The exceptions were Southland and Otago. Between 2009 and 2013, there were 493 crashes in the area. In 409 of those, an overseas driver had a degree of fault, NZTA says. CARS @WAIPAP 2007 MAZDA PREMACY 2.0LTR AUTO 7 SEATER 71,000KMS SILVER $12,990 2004 TOYOTA ALPHARD 2.4LTR AUTO 8 SEATER 100,000KMS WHITE $12,990 2005 TOYOTA ESTIMA 2.4LTR AUTO 8 SEATER 135,000KMS WHITE Mal A/H 407-9738 0274 860 844 6477667AA CARS 2012 SUZUKI SWIFT SPORT 1.6Ltr Auto, Alloys, Burgundy Red, 11,000kms ...$20,990 2009 NISSAN SKYLINE 370GT TYPE P, Auto, Alloys, 62,000kms, Red ........$24,990 2009 MAZDA DEMIO 1.3Ltr Auto, 74,000Kms, Blue........................................$12,990 2008 TOYOTA RACTIS 5Door Liftback 1.5Ltr Auto, 73,500kms, Gunmetal ....$11,990 2007 TOYOTA COROLLA FIELDER 1.8Ltr, Auto, 74,000kms, White ...............$11,990 2007 TOYOTA RAV4 5DOOR, 2WD 2.4Ltr Auto, Alloys, 34,500kms, Green ...$19,990 2007 MAZDA PREMACY 2.0Ltr Auto, Alloys, 7 Seater, Silver, 41,00kms........$12,990 2006 NISSAN TEANA 2.3Ltr, Auto, Silver.......................................$9,990 2006 MAZDA PREMACY 20C Ltd, Auto, 7 Seater, 71,000Kms, Red............$6,990 2006 HONDA ODYSSEY 2.4Ltr, Auto, 124,000kms, White.............................................. $ 2005 VW GOLF GTX 2.0Ltr Turbo, Auto, Alloys, Leather Interior, Black .........$12,990 2005 MAZDA AXELA SEDAN 1.5Ltr, 5spd Alloys, In Charcoal .......................$10,990 2005 SUBARU OUTBACK 2.5Ltr, Auto, 109,000kms, Green ............................$10,990 2003 HOLDEN COMMODORE SEDAN 3.8Ltr Auto, Alloys, Rear Spoiler, Immaculate Condition in Burgundy .............................................................$9,990 2002 HONDA ODYSSEY ABSOLUTE 2.3Ltr Auto, Alloys, S/Roof, In Silver ......$7,990 2001 NISSAN MAXIMA SI AUTO, NZ New ...................................... $6,990 WAIPAPA AUTO COURT SH10 WAIPAPA, KERIKERI. PH 407-6430 www.waipapacars.co.nz CARS @ WAIPAPA $12,990 4x4 2008 TOYOTA RAV 4 G SPEC, 2.4ltr, Auto, Alloys, 69000kms, Blue .............$22,990 2008 NISSAN X-TRAIL 2.5Ltr Auto, Alloys, White, 103,000kms ......................$19,990 2007 SUZUKI ESCUDO 4WD XS 2.7Ltr, Tiptronic, 19,000kms, Silver ............$18,990 2006 HONDA CRV 2.4 ltr. AWD, Auto, Alloys, 92,000km, Gun Metal Grey .....$15,990 2006 SUZUKI ESCUDO 4WD XG 2.0Ltr, Auto, 90,000kms, White ..................$15,990 2006 TOYOTA RUSH 4WD G, 1.5Ltr, 5spd, 79,500kms, White ......................$14,990 2004 TOYOTA HILUX D/CAB 3.0Ltr Diesel, 5spd, Canopy, White .........$19,990 2000 MITSUBISHI PAJERO 5DR, 3.5Ltr V6 Auto, Alloys, 7 Seater, Silver......$10,990 1992 ISUZU BIGHORN, 3.2Ltr V6 7 Seater, Auto, Alloys, Green ..............$5,990 NORTHERN NEWS, JANUARY 21, 2015 15 Keep score – and measure your success American billionaire Ted Turner said: ‘‘Life is a game. Money is how we keep score.’’ The bluntness of that sentiment is profoundly wrong on many levels but keeping score of the money is important for households. The Reserve Bank of New Zealand certainly thinks so. As a result it tracks ‘‘household’’ wealth for the country as a whole. Its method provides a guide to households that want to keep score for themselves. Firstly, the Reserve Bank tracks household financial assets, which is how much households have in bank accounts, investments like shares and bonds and super funds like KiwiSaver. That’s easily enough mimicked by individual households and can provide a useful measure of increased (or decreased) prosperity during a year. Though households can’t control markets or mortgage interest rates, they can control how much they save or save more into higher-risk, highergrowth assets like KiwiSaver share funds. In itself the Reserve Bank’s measure of financial assets doesn’t say much about the real wealth of households so it also tracks how much households owe on things like mortgages, consumer loans and student debt. It subtracts this debt from the financial wealth to produce a net household financial wealth. That gives a measure of financial wealth of households and, again, that can be mimicked by individuals. Just as households can boost their savings rate so they can increase the speed they pay down debt. Tracking net financial wealth provides a way of watching the effect of this. Keep in mind that the only point of keeping score is to achieve a goal. In Ted Turner’s case, for example, the goal is to have more than other people, showing how much better you have played ‘‘the game’’ than everyone else. In the case of a household, goals will be less megalomaniacal. They are likely to be a debt-free home, educated children and a nest egg big enough to live a decent life in retirement. But the net household financial wealth score is limited. After all, mortgage debt is incurred to buy a home and many household net financial wealth scores will remain negative for most of their working Rob Stock ➤GOLDENRULES ■ Keep score ■ Aim to get richer each year ■ Save more, pay debt off faster lives, unless they make killing the mortgage their over-riding priority. The net financial wealth ignores the equity they are building in their home, which is real wealth, even if it is wealth that is less easily and cheaply accessed compared to money in the bank. The Reserve Bank agrees and factors in housing equity to calculate the net household wealth of the nation. For households, this is less easily mimicked as guesstimating the likely selling price for your house is open to self-delusion and self-congratulation. But if you are conservative in your estimates you shouldn’t go too far wrong. There are other ways to keep your money score. The most pertinent is how many years until the mortgage on the family home is cleared. A household could also count how many months the family could survive comfortably if the main breadwinner lost their job and struggled to find a new one. How you keep score is up to you. Rob Stock is a senior journalist in the Fairfax Business Bureau and money editor of the Sunday Star-Times. Contact him at rob.stock@fairfax media.co.nz. Ultrasound now on board Northlanders in need of urgent medical attention are now benefiting from new ultrasound equipment on board the Northland Electricity rescue helicopters. Paramedic Rob Keating says the machine will speed up diagnosis time during life-threatening emergencies. It was introduced to NEST’s helicopters in time for the busy New Year holiday period and the team has already used it more than half a dozen times on injured patients. ‘‘Patients with abdominal or chest injuries can be quickly scanned by ultrasound, resulting in internal injuries being diagnosed with a high level of accuracy,’’ Keating says. ‘‘Early diagnosis of internal injuries means the St John paramedics can decide on the best treatment for the Testing time: Paramedic Rob Keating tests the new ultrasound equipment. patient, whether that be a change in treatment plan, or transporting them to an appropriate hospital for specialist care.’’ The diagnostic ultrasound is a safe, painless and rapid imaging technique that uses high frequency sound waves to penetrate the human body. Echoes of these sound waves are detected and allow the clinician to have a 3D, real time view of a patient’s organs.
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