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December Results Confirm Another Record Year for Second Hand
TURNERS GROUP SECOND HAND VEHICLES MARKET PRESS
RELEASE
DECEMBER RESULTS CONFIRM ANOTHER RECORD YEAR FOR SECOND HAND CAR MARKET
The figures are in, and 2017 was
once again a record year, with 1.14 million used car
transactions. This continues the trend of annual increases
that we have seen since 2011.
The Ex – overseas segment was the biggest contributor to this increase, with 165,000 transactions – a 10% increase over 2016.
Looking ahead to the future, we see no signs of growth
in the used car market slowing.
Not only is the
light fleet travelling further than it ever has before (this
has increased every quarter since 2013), but it is also
older than it has been before, with the average vehicle age
increasing to 14 years.
With the scrappage of 20
year old vehicles accelerating, newer used cars (both
imports and ex-lease vehicles) will provide a pivotal role
in the rejuvenation of our light fleet.
NZTA used
Car registration and Change of ownership figures
With over 50 years of experience and 22 branches across the country, Turners is the biggest buyer and seller of used cars, trucks and machinery in New Zealand. For further information, comments or analysis around the New Zealand automotive market, please do not hesitate to contact us using the details below.
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