Dealer register shrinks further
The number of dealers in New Zealand dropped to 2,875 at the end of March, according to figures released by the Motor Vehicle Traders Register (MVTR).
This was 12 fewer than for the previous month and the total also represented a fall of 140 from the end of March 2022.
Trader numbers have been dropping since hitting 3,020 in June last year, and the size of the register has shrunk by 119 dealers in the past six months alone.
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 Occupational Regulation, which is part of the market integrity branch of the Ministry of Business, Innovation and Employment.