Used mo­tor ve­hi­cle mar­ket boom­ing

South Waikato News - - Motoring -

March is the num­ber of ex­o­ver­seas reg­is­tra­tions recorded for the month - 14,474.

own­ers in these pri­vate sales.

Next high­est num­ber were the dealer-to-pub­lic trans­ac­tions - the tra­di­tional way of buy­ing a used car off a deal­er­ship - which last month jumped to 18,131 ve­hi­cles. So far this year 50,657 ve­hi­cles have been sold this way.

Pub­lic-to-dealer trans­ac­tions, which in al­most ev­ery case is the tra­di­tional trade-in for another ve­hi­cle, rose 11.5 per cent over March last year to 15,152 ve­hi­cles. And dealer-todealer trans­ac­tions rose 8.05 per cent to 8293 ve­hi­cles.

A sig­nif­i­cant statis­tic for March is the num­ber of ex­o­ver­seas reg­is­tra­tions recorded for the month - 14,474, which was a rise of 19.10 per cent over March last year.

A state­ment from Turn­ers says the high num­ber of ex­o­ver­seas reg­is­tra­tions will cer­tainly be at least partly caused by the num­ber of used ve­hi­cles com­ing into the coun­try. In March alone 19,579 were im­ported, an in­crease of more than 50 per cent on March last year.

"Most com­men­ta­tors are picking the econ­omy to slow head­ing into the mid­dle of an elec­tion year. Used car trans­ac­tions would usu­ally fol­low this, but it is dif­fi­cult to imag­ine that on the back of such a record-break­ing month." says the state­ment.

Record num­bers of used cars are be­ing im­ported to New Zealand.

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