Saint Vincent used car market

Saint Vincent used car market

Saint Vincent used car market

 

Located in the Windward Islands of the Lesser Antilles, an island arc of the Caribbean Sea in North America, Saint Vincent is a beautiful island. Like other Caribbean nations, the new car market of Saint Vincent is not very vast, as residents can’t afford to buy new vehicles. There is a clear inclination of the people of the country towards used vehicles. The auto industry of the Saint Vincent is not very developed, thus gives opportunities to exporters to enter in the market.

Instead of buying new automobiles, Vincentians prefer to buy second-hand vehicles as they get the chance to select any vehicle to their desire at really affordable prices. The price gap between a new car and used ones is very big. There is a difference of around 50% between these vehicles.

 

Within the year 2014 only 498 used vehicles were imported from Japan. The country saw an increment of 48 vehicles in comparison to the year before. This year only around 220 used vehicles from Japan were exported to the island. And there are huge expectations that within the year’s end, the figure will increase a lot.

 

Japanese automobile industry holds a significant portion of the world automobile market. Their vehicles are durable, comfortable, high on technology and quality, safety, and above all are fuel-efficient. This Caribbean island import many used vehicles from Japan within a year. The country permits importation of only right hand drive vehicles. There are other regulations that are to be followed by the importer while importing used vehicle in the country.

 

The easy importation of Japanese used vehicles in Saint Vincent has made the availability of used vehicles to the average citizen of the country as for many purchasing a new vehicle is still beyond their financial limitations. While offering used vehicles, Japanese market gives the best combination in price, economy, quality standard and flexibility. There are some Japanese exporters who are in this business for many years and are known for offering vehicles that meet customer’s demand and requirements.

 

The topography of the island is rugged so, the region demands tough, reasonable transport solutions, thus Japanese vehicles are preferred as they are groomed to offer that. Toyota is the most preferred brand in the country with Noah, Vitz, Ist as some popular ones. The country demands a huge number of automobiles. There is approximately one vehicle for every 15 residents on the island. Thus, there are ample opportunities for the exporters to make their fortune in this emerging market.

 

Statistics:-

Population-109,000

Used vehicles imported statistics for last 5 years:

2014                     2013                      2012                          2011                            2010
498                       450                        458                            446                              675

 

Popular car models:

Toyota Noah, Suzuki Escudo, Toyota Corolla Runx, Toyota Hiace Van, Toyota Corolla, Mazda Demio, Toyota RAV4, Toyota Ist, Toyota Allex, Toyota Vitz

 

 

Summary:-

A significant portion of the world automobile market is hold by the Japanese automobile industry as they offer vehicles that are durable, comfortable, high on technology and quality, safe, and above all are fuel-efficient. Saint Vincent a beautiful island in the Caribbean region import many used vehicles from Japan. There is a clear inclination of the people of the country towards used vehicles. The topography of the island is rugged so, the region demands tough, reasonable transport solutions.

 

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