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Used car sales down

Thursday 27 Nov 2008 12:00a.m.

Used car sales down

The price of petrol may be falling, but that has not stopped the global credit crunch hitting the sales of used cars.

Motor car imports fell to an eight-year low in October, down nearly 19 percent to $221 million.

That is because there are fewer cars with big engines being brought in, a result of buyers turning away from gas-guzzlers.

Sales are still turning over for small cars though. There was a $26 million increase for vehicles with an engine size of 1500cc or less.

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