Autofile - 12 December 13

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The trusted voice of the auto industry for more than 25 years www.autofile.co.nz

Issue 22-2013 12 December 2013

Joining forces on car safety recalls T

wo industry organisations have teamed up to work with the government to change how safety recalls are implemented. The Motor Industry Association (MIA) and Motor Trade Association (MTA) are working on a system to pick up more non-compliant vehicles. It’s felt applying to the Ministry of Transport (MoT) for a rule change is the best way forward in tandem with the industry improving how the current system works. The MIA had a meeting

earlier this year with Michael Woodhouse, the Associate Minister for Transport, and the NZTA subsequently suggested a working party should look at ways to improve managing recalls and flagging issues in general. David Crawford, chief executive officer of the MIA, says this includes written-off vehicles from countries such as Australia registered as flood damaged. “A lot of this stock needs to be repaired and recertified before being allowed back on our roads,” he told Autofile.

“There have also been issues with certification processes not always being followed, so the idea is to flag vehicles until they are recertified.” The MIA doesn’t believe a land transport rule is needed to flag vehicles with outstanding safety recalls because the existing law is broad enough, while bans are seen as the last straw. However, there appears to be NZTA concerns current legislation may be too ambiguous to implement the proposals. “We’ve accepted the best

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In this issue p 10 All change at the MTA p 12 Repocars rort exposed p 15 Vintage cars test blow p 17 Autohub backs IMVIA p 22 Spotlight on Tauranga p 25 Close-run race for Golf

Trusted for over 25 years Freephone: 0800 435 7868 contact@protecta.co.nz • www.protecta.co.nz

Finance opportunity knocks

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oan-to-value ratio (LVR) rules on residential mortgages are good news for finance companies and dealerships. That’s the view of Don Atkinson, head of intermediaries at UDC Finance Ltd, which has returned net after-tax profits of $43 million for the year ending September 30, 2013. The company’s car loans

increased by 18 per cent during that time and it joined forces with Suzuki New Zealand to provide Suzuki Finance-branded products across its dealer network. UDC’s profits were up 13 per cent on 2012’s figures driven by continued growth in new lending and revenue – as well as the tight management of costs.

The annual profit of $43m follows $23.8m for the six months to March 31, which in turn was up by 24 per cent on the previous six months. Atkinson says UDC is happy with its good year and how its dealer network has performed. “Dealership finance is now seen as a good option, especially with

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Malcolm Yorston visits Tokyo Motor Show


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Autofile - 12 December 13 by Autofile - Issuu