In Driving the status quo Michael Pascoe explains why the restrictions on importing second hand cars needs to go after local vehicle manufacturing stops. I can't understand why, for example, a new Mercedes Benz in Australia is so much more expensive than the same car in the USA. The tariff on imported new vehicles in Australia is only 5% so that's no the reason. However, a bit of competition from relatively young second hand imports from the UK and Japan should increase the competition and force the top end to drop their prices.
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