New Zealand Used Car Market Introduction and Overview
According to SPER Market Research, the New Zealand Used Car Market is estimated to reach USD 493.54 Million by 2033 with a CAGR 6.28%.
The report includes an in-depth analysis of the New Zealand Used Car Market, including market size and trends, product mix, distribution channels, and supplier analysis.
A used car is one that has been owned and operated by one or more people before being put up for sale. Usually, independent vendors, dealerships, or internet marketplaces offer these vehicles. The age, mileage, maintenance history, and level of care taken can all have a significant impact on a used car's condition. Even while secondhand automobiles are frequently less expensive than new ones, there are still certain dangers involved, like possible mechanical problems or antiquated technologies. Nonetheless, secondhand automobiles are still a cost-effective choice for many consumers, and with the right investigation and examinations, they may still provide dependable performance and fair value.
- In August 2023, BYD Co. Ltd. partnered with Andrew Simms, one of New Zealand's top dealer groups. The Andrew Simms Group increased the value of their brand nationwide as a result of this partnership.
- The New Zealand government implemented the Clean Car Fee/Rebate program in May 2023 in an effort to lower emissions from imported old automobiles.
Market Opportunities and Challenges
Opportunities: SUVs are the most popular type of car, and most buyers prefer used cars with more kilometers traveled and an average age because they are an appealing and affordable option on the market. The significance of having integrated, user-friendly platforms to streamline the used car buyer's experience is being emphasized by auto dealers. These developments are having a good impact on the used car market, which is expected to rise in the future. The high price of new cars, worries about affordability, the rise in demand for off-lease cars, and subscription services offered by auto dealers, franchises, and leasing companies have all been identified as factors propelling the growth of the used car industry.
Challenges: New Zealand's used automobile industry has a number of issues that can affect both buyers and sellers. The scarcity of high-quality used cars is one of the primary problems, particularly when demand frequently outpaces supply. Compared to larger nations, New Zealand imports fewer vehicles due to its smaller market, which may result in higher costs and longer wait times for popular models. Additionally, because cars in New Zealand often last longer before being replaced, a large number of used cars have high mileage. The dependability of older cars and possible maintenance expenses may become issues as a result.
Market Competitive Landscape
A number of major companies, including AJ Motors, Autotraders, Turners Automotive Group, Wheeler Motor Company Limited, and others, control the majority of the used car market in New Zealand. Throughout the projection period, the expanding strategic alliance between auto dealers and original equipment manufacturers across the country is anticipated to experience substantial market expansion.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vehicle Type, By Vendor Type, By Fuel Type.
|
| Regions covered | Eastern region, Western region, Southern region, Northern region. |
| Companies Covered | AJ Motors, Andrew Simms Group, Autoport, AutoTrader, Dayman's Motor Group, Morrison Motor Group, New Zealand Car (NZC), Paul Kelly Motor Company, Turners Automotive Group, WHEELER MOTOR COMPANY LIMITED, Others. |
COVID-19 Impact on New Zealand Used Car Market
The used automobile market in New Zealand was significantly impacted by the COVID-19 pandemic, which had a variety of effects on supply and demand. Lockdowns, travel restrictions, and economic uncertainty caused the market to first slow down. Shortages in the used car market were made worse by the temporary closure of numerous dealerships and delays in the importation of new and used cars caused by the global supply chain disruptions. The demand for used cars increased as people resorted to the second-hand market as fewer new cars were made and imported. The market became even more competitive as a result of people choosing less expensive used cars over new ones due to economic uncertainties.
Key Target Audience:
- Budget-Conscious Consumers
- First-Time Car Buyers
- Environmentally-Conscious Buyers
- Car Enthusiasts and Collectors
- Families and Young Professionals
- Commercial Buyers and Fleet Operators
- Overseas Buyers and Exporters
- Value-Seeking Shoppers
- Car Dealers and Resellers
Our in-depth analysis of the New Zealand Used Car Market includes the following segments:
| By Vehicle Type: | HatchbackSedanSport Utility Vehicles (SUVs)Multi-Purpose Vehicles (MUVs) |
| By Vendor Type: | OrganizedUnorganized |
| By Fuel Type: | GasolineDieselElectricAlternative Fuel Vehicles |
Key Topics Covered in the Report:
- New Zealand Used Car Market Size (FY’2024-FY’2033)
- Overview of New Zealand Used Car Market
- Segmentation of New Zealand Used Car Market By Vehicle Type {(Hatchback, Sedan, Sport Utility Vehicles (SUVs), Multi-Purpose Vehicles (MUVs)}
- Segmentation of New Zealand Used Car Market By Vendor Type (Organized, Unorganized)
- Segmentation of New Zealand Used Car Market By Fuel Type (Gasoline, Diesel, Electric, Alternative Fuel Vehicles)
- Expansion Analysis of New Zealand Used Car Market
- Problems and Obstacles in New Zealand Used Car Market
- Competitive Landscape in the New Zealand Used Car Market
- Impact of COVID-19 and Demonetization on New Zealand Used Car Market
- Details on Current Investment in New Zealand Used Car Market
- Competitive Analysis of New Zealand Used Car Market
- Prominent Players in the New Zealand Used Car Market
- SWOT Analysis of New Zealand Used Car Market
- New Zealand Used Car Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the New Zealand Used Car Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. New Zealand Used Car Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in New Zealand Used Car Market
7. New Zealand Used Car Market, By Vehicle Type (USD Million) 2020-2033
7.1. New Zealand Used Car Market Size, Share and Forecast, By Vehicle Type, 2020-2026
7.2. New Zealand Used Car Market Size, Share and Forecast, By Vehicle Type, 2027-2033
7.3. Hatchback
7.4. Sedan
7.5. Sport Utility Vehicles (SUVs)
7.6. Multi-Purpose Vehicles (MUVs)
8. New Zealand Used Car Market, By Vendor Type (USD Million) 2020-2033
8.1. New Zealand Used Car Market Size, Share and Forecast, By Vendor Type, 2020-2026
8.2. New Zealand Used Car Market Size, Share and Forecast, By Vendor Type, 2027-2033
8.3. Organized
8.4. Unorganized
9. New Zealand Used Car Market, By Fuel Type (USD Million) 2020-2033
9.1. New Zealand Used Car Market Size, Share and Forecast, By Fuel Type 2020-2026
9.2. New Zealand Used Car Market Size, Share and Forecast, By Fuel Type, 2027-2033
9.3. Gasoline
9.4. Diesel
9.5. Electric
9.6. Alternative Fuel Vehicles
10. New Zealand Used Car Market Forecast, 2020-2033 (USD Million)
10.1. New Zealand Used Car Market Size and Market Share
11. New Zealand Used Car Market, By Region, 2020-2033 (USD Million)
11.1. New Zealand Used Car Market Size and Market Share By Region (2020-2026)
11.2. New Zealand Used Car Market Size and Market Share By Region (2027-2033)
11.3. Eastern Region
11.4. Western Region
11.5. Northern Region
11.6. Southern Region
12. Company Profile
12.1. AJ Motors
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Andrew Simms Group
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Autoport
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. AutoTrader
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Dayman's Motor Group
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Morrison Motor Group
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. New Zealand Car (NZC)
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Paul Kelly Motor Company
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Turners Automotive Group
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. WHEELER MOTOR COMPANY LIMITED
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
