Car Wholesaling in New Zealand - Industry Market Research Report

Car Wholesaling in New Zealand - Industry Market Research Report

Car Wholesaling in New Zealand

Operators in the Car Wholesaling industry have faced challenging conditions over the past five years. The COVID-19 pandemic has significantly affected the industry, with volatile economic conditions causing many consumers to delay purchasing motor vehicles, which strongly reduced revenue in 2020-21. While demand has begun to recover, a global semiconductor shortage has restricted the supply of vehicles, limiting the industry's recovery. Additionally, retail petrol prices have risen over the period, placing upward pressure on the operating costs of owning a motor vehicle. These trends have constrained the industry's performance over the past five years. However, real household discretionary incomes have risen slightly over the period, supporting demand for the industry. Overall, industry revenue is expected to decline at an annualised 1.0% over the five years through 2023-24, to $7.8 billion. This decrease is primarily due to the COVID-19 pandemic and the vehicle shortage. Industry revenue is anticipated to fall by 1.8% in the current year, largely due to supply constraints.

Industry operators are engaged in the wholesale of new and used passenger motor vehicles.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.