Number of dealers tumbles
The number of dealers in New Zealand dropped by 19 last month to come in at 3,008 by the end of March, reports the Motor Vehicle Traders’ Register (MVTR).
It means the number of active registrations has now fallen for four consecutive months since November last year when it was 3,058.
March’s total is also 50 fewer dealers than the same time a year ago when there were also 3,058 traders on the register.
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, which falls under the remit of the Ministry of Business, Innovation and Employment.