Judith Collins has admitted National never expected to win the election.
She's spoken to Newstalk ZB's Kerre McIvor, in her first interview since last night's historic loss.
She says she has no plans to step down.
Collins says the loss is devastating, but it was almost inevitable.
"Nobody expected the miracle that I was trying to work for. People have to be realistic, it was not our time."
"Covid-19 and the second lockdown absolutely whacked us in our own polling."
Collins says she felt devastated for her MPs, and the fact the party vote wasn't high enough.