Wales' bid for a rare victory over New Zealand disappeared after the All Blacks delivered an imposing second-half display to win 19-12 at the Millennium Stadium.
Fly-half Dan Carter, who overcame a calf muscle injury to play, booted 14 points while hooker Andrew Hore scored a 56th-minute try.
Wales relied on four penalties from Carter's opposite number Stephen Jones, yet New Zealand still have not lost in the fixture since 1953.