"The assets will be sold down through this process. Until this time the workshop will continue to trade."
The winding-down process, normally a precursor to liquidation, involves the company settling all outstanding business with contractors, suppliers and employees before closing.
Hoffman Motors Ltd, is majority owned by Pahiatua locals Fiona McKellar and Neil MacFarquhar. MacFarquhar also has a 45 per cent interest in KB Motors, which operates the Dannevirke Ford dealership.
KB Motors remains unaffected and is conducting business as usual.
The Hoffman dealership had been one of the oldest Ford dealerships still operating in New Zealand.
A spokesman for Ford NZ said the decision to wind down was not made by Ford, but customers would still have options to buy Fords in Palmerston North and Dannevirke.