Dealers register shrinks further
The number of dealers on the Motor Vehicle Traders Register (MVTR) has fallen for the fifth consecutive month and stood at 2,765 at the end of February.
The tally is 24 fewer than the 2,789 recorded at the end of January and extends a decline that started after the total reached 2,880 in September last year.
Last month’s figure – the lowest it has been in 12 years – is also 158 down from the 2,923 traders on the register at the end of February 2024.
Dealer numbers have largely been falling 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.
