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Car Prices Rocket Because of Labour Legislation

Car Prices Rocket Because of Labour Legislation

Tuesday 27 Aug 2002 Deborah Coddington Press Releases -- Transport

Car prices have rocketed due to Labour's ill-conceived "frontal impact" regulations, ACT Transport Spokesman Deborah Coddington said today.

"Statistics New Zealand figures released today show that new and used car imports have increased by $30 million in twelve months.

"The total value of new and used import cars in July 2002 was $292 million - that's $40 million higher than before Labour introduced its "frontal impact" legislation which means most vehicles manufactured before 1996 can no longer be imported.

"The price increase is being passed on because car importers cannot afford to absorb the cost.

"Labour's meddling could well make our roads more dangerous for New Zealand families. People may hold on to their older, "unsafe" cars for longer because a new one is financially impossible.

"ACT predicted that this situation would occur. Labour has again proved that it cares more about imposing its will on people's lives than creating a safe environment and leaving personal responsibility in the hands of citizens," Miss Coddington said.

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

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