New Cars in New Zealand
SummaryNew Cars in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The New Zealand new cars market recorded revenues of $2.6 billion in 2024, representing a compound annual growth rate (CAGR) of 1.7% between 2019 and 2024.
- Market consumption volumes declined with a negative CAGR of 3.4% between 2019 and 2024, reaching a total of 87,328.0 units in 2024.
- In 2024, the volume of the New Zealand new cars market declined by 21.1% annually, due to the increased consumer price inflation rate. According to Statistics New Zealand, the consumer price inflation rate increased by 2.9% in 2024. This rise in the inflation rate affected consumer confidence, resulting in a reduced inclination to invest in major purchases such as new cars.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in New Zealand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in New Zealand
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the New Zealand new cars market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the New Zealand new cars market by value in 2024?
- What will be the size of the New Zealand new cars market in 2029?
- What factors are affecting the strength of competition in the New Zealand new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up New Zealand's new cars market?
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