Second-hand vehicle prices soar as pre-orders get cancelled

Used vehicle prices in the country are on the rise again.

This trend has occurred with the significant increase in the prices of imported vehicles after the government introduced new taxes.

As consumers reduced their purchases of used vehicles in the hope that new vehicles would be imported at the same tax rates, there has been a significant decline in sales of second-hand vehicles in the past few days.

However, this situation has occurred with the increase in the prices of imported vehicles after the introduction of the new taxes.

The increase in prices can also be clearly observed on several popular websites that sell vehicles in the country.

Pre-orders cancelled

After the restrictions on vehicle imports were removed, many pre-orders for vehicles are now being canceled.

A major company that imports vehicles into the country had started taking pre-orders a month ago.

It was also reported that they had received more than ten thousand pre-orders.

But as of today, it is reported that a lot of pre-orders are being cancelled.

The reason for this is said to be the further increase in the tax limits on vehicle imports by the new National People’s power government.