NZ ranks worst in global survey of car value depreciation, MTA blames 'two-tiered market'

Tue, 07 Feb 2017

By Jonathan Underhill Feb. 8 (BusinessDesk) - New Zealand has been ranked worst in a global survey for depreciation in cars, with a 54 percent slump in value after just 56,000 kilometres beating the UK and the US, while cars in China have the smallest drop in value. The survey by Carspring, an online vehicle trading site based in the UK, showed that not only do cars lose their value fastest in New Zealand but the country ranks well down the field in terms of the affordability of used cars, at 19th. The US is the cheapest place to buy a us...

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