According to the latest figures from Stats NZ, wholesale sales values for motor vehicles and parts, including cars are trucks, fell 3.6 per cent ($98 million) in the September 2017 quarter, after a 4.0 per cent rise ($104 million) rise in the June 2017 quarter.
Wholesale trade statistics measure the sale or resale of new or used goods to retailers, including businesses or institutional users (including government).
“Although the sales fell in motor vehicle and parts wholesaling, stocks continued to build up in the September quarter,” Ms Chapman said.
Actual wholesale vehicle and parts stocks were up 26 per cent.
The retail trade survey for the September 2017 quarter showed that motor vehicles and parts sales also dipped slightly from previous quarters.
Even though wholesale values for vehicles and parts were down, the overall wholesale trade values in the September 2017 quarter rose 1.1 percent ($288 million) in the September 2017 quarter, after a 1.6 percent ($389 million) rise in the June 2017 quarter.
The September increase was the sixth consecutive quarterly increase, with four of the six wholesaling industries rising in the September quarter.
Out of these four the largest industry increase was in grocery, liquor, and tobacco wholesaling, up 2.8 percent ($218 million) from the June 2017 quarter.