New Cars in New Zealand
Summary
New Cars in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The New Zealand new cars market recorded revenues of $5.4 billion in 2023, representing a compound annual growth rate (CAGR) of 6.1% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 6.0% between 2018 and 2023 to reach a total of 110.6 thousand units in 2023.
- The contraction of the New Zealand new cars market value in 2023 was largely due to high interest rates, which impacted financing options for consumers. The Reserve Bank of New Zealand (RBNZ) increased the Official Cash Rate (OCR) from 0.25% to 5.5% in May 2023 and maintained it until August 2024 to combat inflation, resulting in higher borrowing costs across the board.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in New Zealand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in New Zealand
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the New Zealand new cars market with five year forecasts
- What was the size of the New Zealand new cars market by value in 2023?
- What will be the size of the New Zealand new cars market in 2028?
- What factors are affecting the strength of competition in the New Zealand new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up New Zealand's new cars market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market share
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What are the strategies of the leading players?
- 7.4. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Toyota Motor Corp
- 8.2. Hyundai Motor Co
- 8.3. Suzuki Motor Corp
- 8.4. Renault-Nissan-Mitsubishi Alliance
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: New Zealand new cars market value: $ billion, 2018-23
- Table 2: New Zealand new cars market volume: units, 2018-23
- Table 3: New Zealand new cars market geography segmentation: $ billion, 2023
- Table 4: New Zealand new cars market value forecast: $ billion, 2023-28
- Table 5: New Zealand new cars market volume forecast: units, 2023-28
- Table 6: New Zealand new cars market share: % share, by volume, 2023
- Table 7: Toyota Motor Corp: Key Facts
- Table 8: Toyota Motor Corp: Annual Financial Ratios
- Table 9: Toyota Motor Corp: Key Employees
- Table 10: Toyota Motor Corp: Key Employees Continued
- Table 11: Hyundai Motor Co: Key Facts
- Table 12: Hyundai Motor Co: Annual Financial Ratios
- Table 13: Hyundai Motor Co: Key Employees
- Table 14: Suzuki Motor Corp: Key Facts
- Table 15: Suzuki Motor Corp: Annual Financial Ratios
- Table 16: Suzuki Motor Corp: Key Employees
- Table 17: Renault-Nissan-Mitsubishi Alliance: Key Facts
- Table 18: New Zealand Size of Population (million), 2019-23
- Table 19: New Zealand Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 20: New Zealand GDP (Current Prices, $ Billion), 2019-23
- Table 21: New Zealand Inflation, 2019-23
- Table 22: New Zealand Consumer Price Index (Absolute), 2019-23
- Table 23: New Zealand Exchange Rate, 2018-23
- List of Figures
- Figure 1: New Zealand new cars market value: $ billion, 2018-23
- Figure 2: New Zealand new cars market volume: units, 2018-23
- Figure 3: New Zealand new cars market geography segmentation: % share, by value, 2023
- Figure 4: New Zealand new cars market value forecast: $ billion, 2023-28
- Figure 5: New Zealand new cars market volume forecast: units, 2023-28
- Figure 6: Forces driving competition in the new cars market in New Zealand, 2023
- Figure 7: Drivers of buyer power in the new cars market in New Zealand, 2023
- Figure 8: Drivers of supplier power in the new cars market in New Zealand, 2023
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in New Zealand, 2023
- Figure 10: Factors influencing the threat of substitutes in the new cars market in New Zealand, 2023
- Figure 11: Drivers of degree of rivalry in the new cars market in New Zealand, 2023
- Figure 12: New Zealand new cars market share: % share, by volume, 2023
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