New Zealand Used Car Market Subdued

In a combination of rises in fuel prices, costs of living, and government legislation, overall used car sales have dropped. Large, fuel inefficient cars got hit the most with a 20% drop in sales.

In comparison, smaller vehicles and “performance” vehicles have been able to sustain sales. Smaller vehicles because they tend to be more fuel efficient. Sporty “performance” cars because most likely the average consumer for these types of vehicles aren’t concerned with rises in costs too much.

Used car exporters will want to focus more on offering smaller, fuel efficient cars to New Zealanders. Kei-class cars might even break out into main stream exports if fuel prices continue to rise.

Source: New Zealand Herald

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