Demand for small cars has seen their values increase by 30 per cent in the last year according to used car sales statistics released today by Turners Auctions.
In the under 1300cc category there has been an average price increase of 30 per cent in 2006 based on actual Turners sales figures.
Turners General Manager, Marketing Todd Hunter says demand for small cars has been driven by the high fuel prices in the first half of 2006 and a growing environmental conscience among New Zealand motorists.
“The larger engine cars have seen a significant reduction in the average value which can be attributed to both fluctuating oil prices and a desire to reduce vehicle CO2 emissions,” said Mr Hunter.
The Subaru Legacy is New Zealand’s top selling second-hand vehicle but Toyota remains our favourite make of car, according to Turners Auctions which accounts for eight per cent of the total used car market in New Zealand.
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