Motor Vehicle Retailing in New Zealand - Industry Market Research Report
Description
Motor Vehicle Retailing in New Zealand
Motor vehicle retailers have been competing against volatile demand and supply side conditions over the past five years. The pandemic and associated economic uncertainty initially weakened consumers' desire for a new vehicle, while businesses put spending on hold. Demand has since recovered, but has faced further setbacks as supply shortages has meant willing buyers have been unable to purchase vehicles, and recent inflationary pressures and rising vehicle prices have priced some buyers out of a vehicle. Nevertheless, retailers have successfully increased their revenue, mainly through higher prices and strong demand. Revenue has increased at an average of 1.1% per year over the five years through 2022-23, to reach $14.2 billion. This includes a significant decline of 10.2% in the current year, which is due to supply shortages and inflationary pressures.
Industry participants sell new and used motor vehicles. These include passenger motor vehicles, commercial vehicles, motorcycles, RVs and trailers. Industry participants also offer after-sales services.
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.
Motor vehicle retailers have been competing against volatile demand and supply side conditions over the past five years. The pandemic and associated economic uncertainty initially weakened consumers' desire for a new vehicle, while businesses put spending on hold. Demand has since recovered, but has faced further setbacks as supply shortages has meant willing buyers have been unable to purchase vehicles, and recent inflationary pressures and rising vehicle prices have priced some buyers out of a vehicle. Nevertheless, retailers have successfully increased their revenue, mainly through higher prices and strong demand. Revenue has increased at an average of 1.1% per year over the five years through 2022-23, to reach $14.2 billion. This includes a significant decline of 10.2% in the current year, which is due to supply shortages and inflationary pressures.
Industry participants sell new and used motor vehicles. These include passenger motor vehicles, commercial vehicles, motorcycles, RVs and trailers. Industry participants also offer after-sales services.
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
36 Pages
- TABLE OF CONTENTS
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
Search Inside Report
Pricing
Currency Rates
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