Spokesman trying to say cars from Japan will be more expensive following the Tsunami devestation.Says used cars are selling really well due to shortage of stock as it is.Yeah Right!Last few Wellington auctions I havebeen to have and very few buyers attending (more on line probably) but they have been selling less. Many cars go through 3 or 4 auctions before they sell. Of course it may be quite different at other centres but not the ones I have watched online
petermcg,
Mar 15, 5:01pm
Japan's earthquake and tsunami will strike a blow to the New Zealand economy which is grappling with the consequences of the earthquakes in Christchurch, economists say.
This will have consequences for New Zealand although it is still difficult to quantify.
''Certainly immediately it's another unfortunate disruption for the New Zealand economy.''
Roughly half of New Zealand's imports from Japan are in the form of vehicles, with mechanical and electrical machinery and equipment making up the bulk of the rest.
And used car imports will be affected by the disaster in Japan, says the Importers Institute.
A knock-on effect will be Japanese people holding on to their cars for longer because of economic restraints and caution.
carstauranga001,
Mar 15, 5:06pm
Turners spokesman is refering to values in Japan. New car market down 36% equals used car supply in Japanese auctions down a third. Used car demand was up before this event and with thousands of write offs demand can only increase, Thus increasing values of used cars in Japan. Bad news for us as buyers unfortunately and therefore upwards pressure on pricing here. So he is correct.
petermcg,
Mar 15, 5:25pm
Yes Indeed the Turners Guy is right, I tried to explain this in another thread on sat morning and got shot down in a ball of flames, I think there must have been something nasty in the water that day!
petermcg,
Mar 15, 5:26pm
In Japan most cars bought and driven here are manufactured by Japanese auto makers. Every day thousands of these cars get sold very cheaply at auctions and are exported to places like the UK, Canada, New Zealand, Jamaica, Australia, USA, United Arab Emirates, Ireland, Pakistan, India, Nigeria, Uganda, Tanzania, Russia, Mongolia, Kenya, Namibia, South Africa, Africa, and others every week.
As yet the Chinese quality isn't good enough to threaten the Japs. Korea however ia another matter. Did you know that Hyundai are targeting No1 in NZ 2012. Yep, they have been planning this for a while, knock Toyota of the top rung of the ladder in 2012.
petermcg,
Mar 15, 7:26pm
Funny thing there is two threads on this subject dissapear of the message board.Some one is voting them off to cover up the comments they made, strange but true.
twink19,
Mar 15, 7:30pm
and then the dealers bid to just below the reserve then stop, to get the public to start bidding
petermcg,
Mar 15, 7:38pm
Tony, How was I gonna know that you had friends over there, and how was I going to know when you found out that they were OK, I see the whole thread and another similar one have gone now. All I want to say is dont follow the other puppies, just think before you comment.
boojum,
Mar 15, 7:40pm
In 2010 Hyundai had 4% market share compared to 24% for Toyota.I can't see them turning that around by 2012.
oliver6,
Mar 15, 8:10pm
They don't get sold " very cheaply " They get sold at the Japanese domestic market price.
petermcg,
Mar 15, 8:35pm
Very true, unfortunately the (Japanese domestic market price) may rise.
serf407,
Mar 15, 9:31pm
At what level of price increase do second hand cars from Australia become a consideration ! Toyota have car production in Russia that they can increase, possibly reducing the number of second hand JDM cars going to Russia.
ginga4lyfe,
Mar 15, 9:47pm
Yeah. you did. shame really, Was I the only one that backed ya!
eagles9999,
Mar 16, 6:38am
Where did this happen!
petermcg,
Mar 16, 7:23am
Yeah, thanks man, jees I wasent trying to be a looter or anything, Its a serious issue for some, the whole threadand another similar was voted off, so I think some may have been a bit embarressed by what they said,, John got me in trouble when he asked where I lived, I put my address up, and then got told off by trademe, they also audited my listings, and I got a smacked hand there also. But still every one is OK about it and talking about it now, thats good.
mcfc11,
Mar 16, 7:50am
Well the agent I use knows nothing about any fire's on any wharfs.!
elect70,
Mar 16, 1:31pm
It could be a boost for new car sales in Japanafter insurance payouts & lack of used cars available .May have to import some from their overseas plants . Same herelack ofgoodlowmilage imports & high prices could see people buy new instead, as HP terms drop .
dr.doolittle,
Mar 16, 2:00pm
Maybe the Japs could come here & by up some of our 'low mileage' imports. We could wind the speedo's back & sell them back to them. Could begood little export earner.
eagles9999,
Mar 17, 8:38am
Cannot find anything about this in the Japanese media.are you sure! Which port "North of Tokyo"!
wrong2,
Jul 28, 2:48am
after having done some reading (hopefully) i wonder if the OP will be back
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