Australia used car market

Australia used car market

Australia used car market

 

The Japanese used car market has reached almost all parts of the world and Australia is no exception to this fact. Around 90% of the used cars in Australia come from Japan. The weakening of Australian dollar led to the increase in the prices of new cars, and as a result vehicles became less available to a majority of the country’s population. It was that time at which the used vehicle trading environment in the country flourished and reached its peak.

Used vehicles or ‘grey imports’ slash the new car market heavily in Australia. Within the last two years, the used car market segment of the country has seen an impressive growth. The estimated size of the used car market in Australia is approximately 3 million units per annum. Over the past five years, the annual growth in the used vehicle market has been 3.7 per cent. There are expectations that the annual growth for 2014-19 would be around 5.2% per annum.

 

In the year 2012, 5,554 units of used vehicles were imported into the country from Japan, which increase to 6,028 units in the year 2013. The year before also saw a massive growth and stability in the used vehicle market segment.

 

Australia is located in Oceania between the Indian Ocean and the South Pacific Ocean. The importation of Japanese used vehicles to Australia is a quick transit and is done at competitive prices. The country allows the importation of right hand drive vehicles that are 15 years or above on the date the landing. Once the vehicle arrives at the port of entry, Quarantine clearance is required from the Australian Quarantine and Inspection Service (AQIS).

 

With buying a used vehicle, Aussies get a bit of extra choice and better affordability. Buying a used vehicle gives more value to money as one gets a reliable and efficient vehicle at realistic prices. Since many years Toyota holds dominance in the country, with Noah, Grand Hiace, Harrier being some of the popularly sold models.

 

There is huge demand for vehicles in the country. In June 2014, the car ownership rate averaged around 1.48 cars per household. An improving job market and easy financing is helping to boost the retail market for new and used vehicles. The market condition of Australia is quite good and favorable for used vehicle exporters to make their fortune in the nation.

 

Statistics:-

Population-23.87 million

Used vehicles imported statistics for last 5 years:

2014                  2013                 2012                         2011                        2010
6,099                 6,028                5,554                        5,545                       5,879

 

Popular car models:-

Toyota Grand Hiace, Daihatsu Mira, Toyota Blade, Toyota Noah, Volkswagen New Beetle, Toyota Harrier, Honda Civic, Honda Fit, Toyota Mark X, Volvo V70

 

 

Summary:-

Australia, located in Oceania between the Indian Ocean and the South Pacific Ocean import large numbers of used vehicles. Around 90% of the used cars in Australia come from Japan. The country allows the importation of right hand drive vehicles. With buying a used vehicle, Aussies get a bit of extra choice and better affordability. Buying a used vehicle gives more value to money as one gets a reliable and efficient vehicle at realistic prices.

 

Share post