We recently spoke about the effects of the earthquake and tsunami on the local Japanese USED Car Market. In the last two months costs of vehicles at the auctions has been steadily rising. The number of good vehicles that meet compliance in NZ an other countries has been greatly affected by this situation.
Sales are difficult for exporters and importers now. Supplies in New Zealand are dropping and prices are climbing. Below is a article that was released that compounds these issues more. As of next year any vehicle imported must pass 2005 emissions tests. This will eliminate any older car imports below that year unless they can meet those requirements.
http://www.stuff.co.nz/taranaki-daily-news/news/5400707/Driving-up-car-prices
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