New Zealand’s new-car sales rebounded in May to 6,197 units, up 22% from April and 2.7% higher than year-ago. It was the segment's best May since 1990. Year-to-date, new-car sales of 30,257 climbed 2.8% over like-2005, and commercial vehicle sales were down 2.2% to 9,871 units. "Despite the problems affecting the lower end of the used-vehicle market, new-vehicle sales are continuing at a buoyant level,” Motor Industry Assn. CEO Perry Kerr says. “Buyers are recognizing that new, ...

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