A recent report by Turners Auctions shows Kiwi families are buying smaller cars as a way to cut costs
The report on second-hand car sales reveals sales of cars less than 1.6 litres have increased 13% from the previous quarter ending March 2009. The increased demand for these smaller cars has ultimately resulted in increased prices.
“The average vehicle price in this category is up 5% or almost $300 to around $5,800 which is the highest it has been since January last year” says Todd Hunter, Turners spokesperson.
However, despite a 4% increase in fuel costs over the last quarter, apparently our love of large cars remains steady in the 3.0 litre plus category.
Sales of petrol-fuelled vehicles have dropped under the 90% threshold where it had sat since the start of 2008. Diesel sales reached double digits for the first time, and now account for 11% of all cars sold.
The Holden Commodore takes out the top spot as favourite make and model for the fourth consecutive quarter while Toyota Corollas and Subaru Legacys battle it out for second and third as they have all year. The massive reduction in Japanese import vehicles will be contributing to the decline of the Legacy. Imports from Japan are down 54% June YTD.
Turners says the Toyota Hiace has climbed six places from 10th to fourth as business and tradesmen quit stock, and leases are terminated early.
White and silver remain the most popular colours accounting for almost half (46.7%) the second-hand vehicle cars sales, as they have for the last 18 months.
Check out our range of small passenger cars for sale here.