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Mixed reports on car sales in New Zealand

Thu, Mar 4 2010, 05:52 GMT
http://www.fxstreet.com

FXstreet.com (Sydney) – Car sales in NZ grew 13.4% during February compared to one year ago but fell 23.2% from January’s level. A total of 4302 new car registrations were recorded last month.

The Toyota Corolla fell to fourth place as the most popular vehicle while the Suzuki Swift claimed first place. Nevertheless, Toyota claimed the top stop for most popular brand, accounting for 12.8% of new car sales. Used car sales also fell 1% from January though were up 46.2% from a year ago. Commercial sales rose by 23.1% from January’s level and 7.4% from February 2009.

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

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