Puerto-Rico used car market

Puerto-Rico used car market

Puerto-Rico used car market

 

Puerto-Rico, officially the Commonwealth of Puerto Rico is located in the eastern Caribbean. The automobile sector of the nation is not much developed; hence it is not a significant contributor of the island’s economic activity. The island lacks reliable, mass-transportation system, thus owning a vehicle is quite a necessity rather than a luxury.

 

Puerto-Rico is one of the not so developed countries in the Caribbean region, so generally vehicles in the country are imported. The local market of the island is dominated by Japanese automakers. Toyota is the undisputed market leader in terms of sales and market share in the country.

The Japanese automobile industry is one of the well-known and largest industries in the world. While importing a used vehicle, it is important for the importer to follow the import regulations to avoid any problem during customs clearance. The importation of used vehicles in the country is not difficult. The country permits importation of only left- hand drive vehicles that must meet both the Environmental Protections Agency(EPA) and the Department of Transportation (DOT) requirements. Major port for shipment of used vehicles from Japan is port of San Juan.

 

Maximum of Puerto-Rico’s land area consists of mountains; hence the region demands tough resistant vehicles. The conditions of roads in Puerto Rico are not well developed and have potholes. Jeeps are quite popular because of better suspensions and higher ground clearance. Japanese and Korean makers are well-liked in the country as vehicles from these makers are smaller and more economical in comparison to other makers.

 

Import of used cars, bus, trucks, agricultural machinery, tractors from Japan and other countries is the best option for transportation needs. However, the used car market of Puerto-Rico has not seen a significant change in the past years. For faster growth of the nation, infrastructure development and good transportation are required. There are assumptions that the coming years will be positive and enthusiastic for the island nation and the auto industry will become stable and robust.

 

Statistics:-

Population-3.548 million

2014            2013             2012                 2011                2010
2                    -                    2                         -                       1

 

Popular car models:-

Nissan Silvia, Subaru Impreza, Mitsubishi Lancer Evolution, Toyota Corolla Touring Wagon, Mazda RX-7, Nissan Skyline, Nissan Skyline GT-R, Honda Integra, Honda Civic, Toyota Supra

 

 

Summary:-

Puerto-Rico is one of the not so developed countries in the Caribbean region, so generally vehicles in the country are imported. The local market of the island is dominated by Japanese automakers. The importation of used vehicles in the country is not difficult. The country permits importation of only left- hand drive vehicles that must meet both the EPA and the DOT requirements. There are assumptions that the coming years will be positive and enthusiastic for the island nation and the auto industry will become stable and robust.

 

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