Auto Sector

New Zealand new car registrations rises 8.2%

New Zealand new car registrations rises 8.2%

In a latest report, New Zealand Transport Agency has revealed that country's new car registrations rose for a second consecutive month in June, rising 8.2 percent over the month before to 4306.
The latest figures were down 36.2 percent, as compared to figures of last year.

Mind-Controlled Wheelchair built by Toyota

Mind-Controlled Wheelchair built by Toyota

In a move towards progress, a brain machine interface (BMI) has been built by Toyota researchers in Japan. This machine is capable of controlling a wheelchair using the thoughts of the rider.

The person occupying the wheelchair would be able to turn it either to right or left, by just thinking about the commands. The response time would be 125 milliseconds - with one millisecond being equal to 1/1000 of a second.

Sales of Australian vehicles increase

Australian Bureau of Statistics

The Australian Bureau of Statistics said that from the previous month, the Sales of new motor vehicles in Australia increased by 5.4% in the month of May, the highest increase registered since early 2005.

In the month of May 75, 472 vehicles were sold on a seasonally adjusted basis, higher from an upwardly revised 71,626 in April. April sales were revised to show a 1.7% raise from 0.9% initially.

In May, sales increased by 0.1%, in trend terms, since January 2008 it is the first increase.

Void left by GE exit filled with Marac's deal with Automobile Association

Marac Finance

The void left by the egress of GE Money from the retail vehicle loans business has been filled by Marac Finance as it announced a deal with New Zealand Automobile Association Inc (AA) to provide vehicle finance.

It was confirmed by GE Money last year that it will no longer write new vehicle loans. It should be noted though that GE Capital continued to offer vehicle leasing in New Zealand through Custom Fleet.

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