Car Wholesaling in New Zealand - Industry Market Research Report
Description
Car Wholesaling in New Zealand
Operators in the Car Wholesaling industry have faced challenging conditions over the past five years. The COVID-19 pandemic has significantly affected the industry, with volatile economic conditions causing many consumers to delay purchasing motor vehicles, which strongly reduced revenue in 2020-21. While demand has begun to recover, a global semiconductor shortage has restricted the supply of vehicles, limiting the industry's recovery. Additionally, retail petrol prices have risen over the period, placing upward pressure on the operating costs of owning a motor vehicle. These trends have constrained the industry's performance over the past five years. However, real household discretionary incomes have risen slightly over the period, supporting demand for the industry. Overall, industry revenue is expected to decline at an annualised 1.0% over the five years through 2023-24, to $7.8 billion. This decrease is primarily due to the COVID-19 pandemic and the vehicle shortage. Industry revenue is anticipated to fall by 1.8% in the current year, largely due to supply constraints.
Industry operators are engaged in the wholesale of new and used passenger motor vehicles.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Operators in the Car Wholesaling industry have faced challenging conditions over the past five years. The COVID-19 pandemic has significantly affected the industry, with volatile economic conditions causing many consumers to delay purchasing motor vehicles, which strongly reduced revenue in 2020-21. While demand has begun to recover, a global semiconductor shortage has restricted the supply of vehicles, limiting the industry's recovery. Additionally, retail petrol prices have risen over the period, placing upward pressure on the operating costs of owning a motor vehicle. These trends have constrained the industry's performance over the past five years. However, real household discretionary incomes have risen slightly over the period, supporting demand for the industry. Overall, industry revenue is expected to decline at an annualised 1.0% over the five years through 2023-24, to $7.8 billion. This decrease is primarily due to the COVID-19 pandemic and the vehicle shortage. Industry revenue is anticipated to fall by 1.8% in the current year, largely due to supply constraints.
Industry operators are engaged in the wholesale of new and used passenger motor vehicles.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
37 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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