Key Market Indicators
New Zealand's car registration figures are projected to hit 95,000 units by 2028, up from approximately 92,000 units in 2023. This marks a modest annual growth rate of 0.5%. Despite this growth, New Zealand has seen a decline in demand since 2010, with an average yearly decrease of 3.3%. In 2023, the country ranked 55th globally in car registrations, with Algeria slightly ahead at the same number of units. Leading the rankings were Indonesia, Austria, and Belgium, which secured the second, third, and fourth positions, respectively.
