Power fleet: Growing demand from fleet buyers boosts industry revenue

The Car Wholesaling industry has benefited from a range of factors that have boosted the number of motor vehicles in New Zealand over the past five years. Rising discretionary incomes over the period have increased consumer demand for cars, with many consumers upgrading their car or purchasing a second car. Positive consumer sentiment over the past five years has also stimulated consumer demand for cars, which has boosted demand from the downstream motor vehicle dealers' market. In addition, the cost of fuel has declined over the past five years, due to a fall in the world price of crude oil. Lower petrol prices have encouraged many consumers to purchase new or used cars. As a result, more consumers have been opting to use their own vehicles over public transport...read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 14-19
6.1%
Forecast Growth 19-24
Profit
Employment
1,670
Businesses
474

Industry Threats & Opportunities

  • Industry operators have benefited from growing downstream demand for motor vehicles
  • Lower car and fuel prices have driven consumer demand for industry products
  • The projected depreciation of the New Zealand dollar is likely to boost the cost of cars
  • Industry Report - Industry Analysis Chapter

    The Car Wholesaling industry has grown strongly over the past five years. A decline in the motor vehicle price index has supported industry growth over the period. However, as cars sold by industry firms are manufactured overseas, the value of the New Zealand dollar has influenced the industry over the period. The overall depreciation of the dollar has placed upward pressure on motor vehicle prices over the period, increasing industry purchase costs and constrained falling motor vehicle prices. Consumer demand drivers, such as consumer sentiment and discretionary income, have also positively affected the industry over the past five years.Revenue and profitabilityIndustry revenue is expected to grow at an annualised 6.1% o...purchase to read more.

    Additional Insights for the Car Wholesaling Industry

    IBISWorld has determined the most important Key Success Factors for the Car Wholesaling are:

  • Having a cost effective distribution system
  • Provision of superior after sales service
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Demand from motor vehicle retailing and Trade-weighted index in the Car Wholesaling industry impact industry performance..

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    What's in this report

    What is the Car Wholesaling in New Zealand Industry?

    Industry operators are engaged in the wholesale of new and used passenger motor vehicles.

    Industry Products
  • SUVs
  • Small and light passenger vehicles
  • Medium and large passenger vehicles
  • Other vehicles
  • Industry Activities
  • New car wholesaling
  • New SUV wholesaling
  • Used car wholesaling
  • Used SUV wholesaling
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from motor vehicle retailing
  • Trade-weighted index
  • Motor vehicle price index
  • Real household discretionary income
  • World price of crude oil

  • Current Performance
  • Revenue and profitability
  • Imports
  • Other demand drivers
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Future demand trends
  • Industry structure
  • Table: Car Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Car Wholesaling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Taxi and Limousine Transport in New Zealand
  • Passenger Car Rental and Hiring in New Zealand
  • Motor Vehicle Retailing in New Zealand

  • Key Selling Industries
  • Road Freight Transport in New Zealand
  • Water Freight Transport in New Zealand

  • Products & Services
  • SUVs
  • Small and light passenger vehicles
  • Medium and large passenger vehicles
  • Other vehicles
  • Chart: Car Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Motor vehicle dealers
  • Fleet buyers
  • Chart: Major Market Segmentation for the Car Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Car Wholesaling

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Car Wholesaling Industry

  • Industry Globalization
    Toyota New Zealand Limited, Holden New Zealand Limited, Ford Motor Company of New Zealand Limited, Mazda Motors of New Zealand Limited,
  • Table: Toyota New Zealand Limited - financial performance
  • Table: Holden New Zealand Limited - financial performance
  • Table: Ford Motor Company of New Zealand Limited - financial performance
  • Table: Mazda Motors of New Zealand Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Car Wholesaling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Car Wholesaling Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    After-Sales Services
  • Services provided by an industry operator to a customer, largely fleet buyers, after the initial sale, such as repair and maintenance.
  • Electric Vehicles (Evs)
  • Vehicles that are fully powered by electricity or use a combination of fuel and electricity to power the vehicle.
  • Micro Car
  • This is the smallest type of car available. Microcars tend to have a one cylinder engine and a maximum of two seats, including the driver’s seat.
  • Suv
  • Sports utility vehicle that is typically a four-wheel drive and has enough room to fit both passengers and cargo inside.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Car Wholesaling in New Zealand market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Car Wholesaling in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Car Wholesaling in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Car Wholesaling in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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