Used-Car Prices Still In Pounds

Press, Volume CVIII, Issue 31784, 14 September 1968, Page 12

Used-Car Prices Still In Pounds

Members of the Canterbury Licensed Motor Vehicle Dealers’ Association have found that the public still valued larger assets in pounds, shillings and pence, said its president, Mr G. A McVicar.

For comparison of prices, it was necessary for motorvehicle dealers to continue to mark and advertise their stock in pounds, he said. Mr McVicar was replying to the writer of a letter to “The Press” who complained on Monday that almost all car dealers advertised in pounds, shillings, and pence. It was required by law that dealers’ sale notes and documents be prepared in decimal currency, Mr McVicar said and so it would be more convenient for them to

price in dollars. However, until people had adjusted to valuing larger assets in dollars, dealers thought they were giving a service required. Most vehicles were marked with the decimal equivalents. Most private persons advertising cars used pounds, Mr McVicar said, and so did other advertisers of large articles and properties. At least one large auctioneer was still selling by auction in pounds because of the com-parison-of-value angle. The New Zealand Broadcasting Corporation was still broadcasting some advertisements in pounds. “We will agree that the position is confusing,” Mr McVicar said, “and we hope it will be corrected in due course by legislation.”