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The consecutive increase of imported cars, fell this month. UK car imports only amounted to 126 in total this month, the lowest for 2014.
With the continued increase in used passenger vehicles being imported into New Zealand this month, industry sources have predicted a slight decline for car imports in the coming months. Their predictions are based on dealers looking to reduce stock, before importing more vehicles.
The number of used car imports to NZ this year will be almost 30% more than in 2012. So far, November has been the best month with 11,184 units imported. As previously reported by ShipfromUK.com, it is likely that the 100,000 import unit barrier will be broken by the end of December.
October registered the third highest number of used vehicles imported to New Zealand this year. It is expected that the unit barrier of 120,000 is going to be breached if those volumes remain constant. There are concerns over a possible “glut” of the Kiwi market, that can’t cope with more than 90,000-100,000 units imported a year. On the other hand, those figures show that the market is strong and confident and that there is a good stock available.
Figures recently released in a car industry report by the Allen Consulting Group show how the Australian automotive manufacturing industry could die in 2018. As a result, Australian economy would be AUD21.5 billion smaller.
A debate concerning subsides arose: should government continue to sustain the car manufacturing industry or not? Currently automotive manufacturing in Australia receives AUD500 million from the government, resulting in the Australian economy being AUD21.5 billion larger. Therefore, the report states that government funding is beneficial; however there are some that affirm taxpayer support should be cut from struggling industries.