The Budget brings good news for the auto industry, a core involver contends.

NEW Zealand’s troubled new vehicle industry is pleased with the contents of today’s Budget.

The country’s level 4 lockdown during the Covid-19 pandemic has proved disastrous for the industry, with sales down 90 percent during April and little likelihood of things being much better this month.

Motor Industry Association chief executive officer David Crawford said that for the new vehicle market to flourish, the New Zealand economy needs to be strong – and that is going to be a challenge in the current environment.

“A Budget that focuses on jobs while supporting businesses was what I was looking for,” he said.

In that regard the MIA was pleased to see in the budget a $4 billion business support package that included a $3.2b extension of the wage subsidy scheme, and a $1.6b free trades training package.

The wage subsidy scheme has been extended for another 12 weeks from mid-June, and Crawford said this extension will benefit those companies where revenue remains low.

The MIA also strongly supported the trades training package, which aims to open up opportunities for those who have lost their jobs or need to up-skill for a new career.

“We are delighted to see these two initiatives in the Budget,” said Crawford.