The financial meltdown in Europe, the strong economy in Hong Kong and the city's ravenous appetite for luxury goods have led to a surge in the number of imported second-hand private cars. And although they are not new, they are not necessarily cheap either.
Transport Department figures show the number of such imports reached 9,412 last year, compared to 2,991 in 2006.
Second-hand traders say many of these are top-of-the-line examples from famous marques - adding that, despite complaints that the recent tax increase on new cars has cut demand, new-car dealers cannot keep up with demand for the really special models.
'Unlike in the past, many of the second-hand cars imported to the city recently are first-grade. There are many super-cars, like Lamborghinis, and there are many other expensive makes like Bentley and Mercedes Benz,' second-hand dealer Johnny Wong said.
While Ferraris, Porsches and Rolls-Royces were common in Hong Kong, buyers wanted more, Wong said.
'People love to have special-edition vehicles and they do not mind buying second-hand ones that are usually in excellent condition.'