Key Market Indicators
New Zealand's commercial vehicle registrations are projected to decline to approximately 43,550 units by 2028, down from around 47,500 units in 2023. This represents an average annual decrease of 1.4%. The New Zealand market has been on a downward trajectory since 2010, with an annual reduction rate of 2.3%. In the global standings for 2023, New Zealand held the 39th position. Sweden led slightly with 47,500 units. In the same ranking, Canada, Mexico, and Argentina took the second, third, and fourth spots, respectively.
