Dealer numbers continue slide
Total reaches its lowest point since April 2013 after shrinking by more than 120 over the past year.
Posted on 11 February, 2025
The number of dealers on the Motor Vehicle Traders Register (MVTR) fell by 21 last month, with the total at the end of January standing at 2,789.
It marks four consecutive months of decline since the tally reached 2,880 in September last year.
The figure is the lowest since April 2013 when there were 2,773 registered traders nationwide.
Last month’s total is also 121 below the 2,910 recorded at the end of January 2024.
Dealer numbers have largely been in decline since hitting a high of 3,535 in November 2017.
The MVTR holds essential information about registered traders and their businesses. It is operated by Occupational Regulation, which is part of the market integrity branch of the Ministry of Business, Innovation and Employment.
