New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Automobiles and components / Thematic (Sector/Industry)

<ul><li>The Colonial Motor Company (CMO) reported its FY25 result, and 2 Cheap Cars (2CC) updated the market—both spoke to persistent macro headwinds.</li><li>The September 2025 quarter saw total used-vehicle transactions lift +5% quarter-on-quarter, the second consecutive quarter of growth, with total vehicle imports up +9% to reach record highs.</li><li>Turners Automotive (TRA) continues to stand out in what, for now, remains a challenging environment.</li></ul>

The Colonial Motor Company (CMO) reported its FY25 result, and 2 Cheap Cars (2CC) updated the market—both spoke to persistent macro headwinds.The September 2025 quarter saw total used-vehicle transactions lift +5% quarter-on-quarter, the second consecutive quarter of growth, with total vehicle imports up +9% to reach record highs.Turners Automotive (TRA) continues to stand out in what, for now, remains a challenging environment.

Forsyth Barr Vehicle And EV Digest Edition 10—Macro Headwinds, Micro Strengths