Key Market Indicators
New Zealand's vehicle registration is projected to decline slightly over the next five years, reaching approximately 148,000 units by 2028. This marks a drop from the roughly 149,000 units recorded in 2023, reflecting a compound annual growth rate (CAGR) decrease of 0.1%. The trend is consistent with a longer-term decline in the New Zealand market, which has seen an average annual decrease of 1.7% since 2010. In the global ranking for 2023, New Zealand held the 55th position, just behind Slovakia. Among the top nations, Canada, China, and Austria secured the second, third, and fourth spots, respectively, in terms of vehicle registration.
