Used cars holding their value as supply issues hit the new and used market
Supply chain problems mean secondhand cars are not losing their value as fast as they usually do, industry experts say.
A 2017 study found that new cars sold in New Zealand depreciated more than anywhere else in the world, with a 53.67 per cent drop in value within four years.
According to financial advice website Moneyhub, the majority of cars (old and new) depreciate at least 10 per cent when you drive them off the lot, and then up to 15 per cent a year after that.
But what has held true in…
