How pricey is NZ for used cars?
Want to buy a used Holden Barina?
They’re cheaper in New Zealand than Australia, but not as inexpensive as in USA. And as for Singapore – just don’t go there.
Not only that, but our used Toyota Hilux utes are among the world’s most expensive, while our used hybrids are among the least expensive.
All this information is contained in a fascinating study of the prices of second-hand cars around the world, conducted by the Europe-based global online used car dealership Carspring.
The study has looked at 10 different vehicle types including small hatchbacks, luxury SUVS, hybrids and utes, and compared the average prices of models with similar odometer readings in 40 different countries.
‘‘The fluctuating value of used cars around the world has always mystified buyers and experts alike,’’ says Carspring’s cofounder Maximilian Vollenbroich.
‘‘So we took it upon ourselves to make the complicated simple, and present a snapshot of the current global value of used cars.’’
The 10 selected cars were the Holden Barina (or its equivalent in other markets), Renault Megane, Hyundai Elantra, Ford Fiesta, Volkswagen Golf, Fiat 500, Land Rover Evoque, Mercedesbenz C180, Toyota Hilux, and Toyota Prius.
The 40 countries researched included the majority of the largest car producing nations, plus other countries of automotive interest such as New Zealand.
Where no direct model comparison was available between nations, the study used comparable global vehicles per brand and selected models with similar engines and mileages.
The study then researched hundreds of online outlets and ‘‘brick and mortar’’ retailers in five of the biggest cities in each of the 40 countries, to find the selected used cars currently available, plus those sold in the past 12 months.
The study has found that the US is the most affordable country in the world to buy a used vehicle, followed by the United Kingdom and Russia.
New Zealand is in 19th place, just behind Australia.
And in 40th and last place is Singapore, which is easily the most expensive country to buy a used car due to its extremely high taxes on automobiles.