Saint Kitts and Nevis used car market

Saint Kitts and Nevis used car market

Saint Kitts and Nevis used car market 

 

Saint Kitts and Nevis, officially Federation of Saint Kitts and Nevis state composed of two islands of the Lesser Antilles in the eastern Caribbean Sea. Like other countries across the world, it also imports large numbers of used vehicles from Japan. Japan is the world’s leading source of automobiles and is known for ages for delivering high quality vehicles at competitive prices.

The importation cost in the country is not very much, thus many used vehicles, mainly from developed nations are imported into the country. Concession on duties is also given to returning residents bringing automobiles into the Federation. The country permits importation of right-hand drive vehicles. The easy importation of Japanese used vehicles in Saint Kitts and Nevis has made the availability of used vehicles to the average citizen of the country as for many purchasing a new vehicle are still unaffordable for many people.

 

Like in other Caribbean island-nations, out of all Japanese models Toyota is the market leader in the country. Nissan used vehicles are also popular in the island. Along with used vehicles, there is a strong demand for auto parts in the country.

 

In the year 2013, 168 units of used vehicles were imported in the nation from Japan, which increased to 436 units in 2014. The number of units of used vehicles in the country is increasing year by year. This year also till April, around 244 units of used vehicles were imported into the country.

 

The automobile sector of the country is rising with the growing incomes, improving urban infrastructure, hence give opportunities for automobile makers to invest in the country.

 

Statistics:-

Population- 54,191

Used vehicles import statistics for last 5 years- 

2014                  2013                 2012                         2011                        2010
436                    168                   114                           120                          225

 

Popular car models:-

BMW Mini, Toyota Ractis, Nissan Cube, Daihatsu Tanto, Toyota Duet, Volkswagen Golf, Toyota Hilux Surf, Toyota RAV4, Nissan Note, Audi A4

 

 

Summary:-

Japan is the world’s leading source of automobiles and is known for ages for delivering high quality vehicles at competitive prices. It is quite common to see a large number of imported used Japanese vehicles on the roads of St. Kitts and Nevis. The process of importation of used vehicles in the country is not difficult. The automobile sector of the country is rising with the growing incomes, improving urban infrastructure, hence give opportunities for automobile makers to invest in the country.

 

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