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Friday, May 10, 2013

New Zealand Used Car Imports Are At a Five Year High

Most popular import - Suzuki Swift - 351 cars

From New Zealand Herald.

Arrivals of used imported cars reached their highest level in nearly five years in April, spurred on by steadily improving availability of product and the continued strength of the New Zealand dollar.

The performance of the used imported vehicle sector backed up the strong results achieved in the new car and commercial vehicle market in April, said the Motor Trade Association (MTA).

New commercial vehicle registrations had the biggest April since 1982, with 2235 sold. The number of new commercial vehicles sold was 38 per cent higher than April 2012. New passenger car sales, of 5908 vehicles, were also up 8.8 per cent on April 2012.

In April, 10,539 used cars entered New Zealand - the highest number since January 2008. The surge in arrivals flowed through to actual sales with 7418 used cars sold during the month, representing a 26 per cent increase over the same month last year. For the year to date, used imported car arrivals are 51 per cent ahead, while actual sales are ahead by 4637 (19 per cent).

"The additional stock will replenish car yards, bringing more choice to consumers. There are a lot of vehicles looking for a buyer," MTA spokesman Ian Stronach says.

Read More -http://www.nzherald.co.nz/motoring/news/article.cfm?c_id=9&objectid=10882638


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