Dealer numbers hit reverse
The number of dealers in New Zealand fell to 3,084 at the end of June, according to figures released by the Motor Vehicle Traders Register (MVTR).
This was a drop of 20 from last month’s 3,104 and all but wiped out the increase of 22 traders between April and May. The decline also ended a run of two consecutive months of growth.
The latest total is 10 fewer dealers than the 3,094 that were on the register at the same time a year ago.
Dealer numbers have largely been in decline since hitting a high of 3,536 in November 2017.
The MVTR holds essential information about registered traders and their businesses. It is operated by Trading Standards, a business unit of the Ministry of Business, Innovation and Employment.