New low for dealer numbers
The number of dealers in New Zealand has hit a new low after tumbling to 2,833 at the end of November, according to figures from the Motor Vehicle Traders Register (MVTR).
The register’s total eclipsed the previous low of 2,852 set in June this year and fell by 39 from October’s tally of 2,872.
November’s figure for registered dealers was also 88 fewer than the 2,921 recorded at the same stage a year ago.
Since peaking at 3,536 in November 2017, the number of dealers has largely been falling and has not surpassed 3,000 since August 2022.
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.
