Used car sales down

Thursday 27 Nov 2008 11:35 p.m.

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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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