Papua New Guinea used car market

Papua New Guinea used car market

Papua New Guinea used car market

 

The geography of Papua New Guinea includes the eastern half of the islands of New Guinea, the islands of New Ireland, New Britain and Bougainville, and smaller nearby islands. Even though Papua New Guinea is the most rural countries in the world, but still due to large population, it is one of the largest Oceanic new car markets. Around 8,305 registrations were made in the year 2014. The demand for vehicles in the country is on the rise. As buying a new vehicle is not within the financial limitation of every person, so there is demand for used vehicles too in the country.

With the increasing demand for used vehicles, many separate units have established in the country that deals in supply of used vehicles from popular brands. Like in other Oceania nations, Toyota is the most popular brand in Papua New Guinea. Around 96% of sales in the country is controlled by Toyota automakers. Some well-liked models of Toyota are Progres, Estima, Raum.

 

The demand for used vehicles in Papua New Guinea is rising year by year. In the year 2010 around 2,940 units of used vehicles were imported into the country, which increased to 4,245 units in the year 2012. This year also, there are assumptions that the figure will surpass the last year’s numbers.

 

There is no specific restriction on age of used vehicles imported into the country that gives importers the benefit to import any used vehicle in the country. However, imported used vehicles should be inspected for the presence of any unwanted substances. Importation of right hand drive vehicles is allowed in Papua New Guinea.

 

The topography of the country is difficult terrain, thus SUVs are preferred mode of transportation. The sales of used cars have increased rapidly in Papua New Guinea in the recent years as more and more middle class people are buying cars.

 

Statistics:-

Population-7.6 million

Used vehicles imported statistics for last 5 years:

2014               2013               2012               2011                      2010
2,239              2,860              4,245             3,680                      2,940

 

Popular car models:-

Toyota Progres, Toyota Estima, Toyota Raum, Nissan Presage, Toyota Vitz, Mitsubishi Outlander, Mitsubishi Pajero, Toyota Corolla, Toyota Voxy, Toyota Corolla Rumion

 

 

Summary:-

Japan is a pioneer of automobile industry. Vehicles in large numbers are exported from Japan every year to Papua New Guinea. With the increasing demand for used vehicles, many separate units have established in the country that deals in supply of used vehicles from popular brands. The demand for used vehicles in Papua New Guinea is rising year by year.

 

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