Used Car Market

Used Car Market

Used Car Market in the World

 

Africa the Largest Market for Japanese Used Vehicles

Africa has been one of the leading importers of Japanese used vehicles be it cars, trucks, buses, SUVs, mini trucks, vans construction and agricultural machinery since decades. They trust the Japanese made vehicles more than anything. Used vehicles from Japan are almost new and very low in price. Japanese used car exporters have been exporting best quality vehicles to almost all the major countries in Africa.


Africa used car market

Japan is the biggest exporter of used vehicles in the world. Many countries across the world import Japanese used vehicles and Africa is among one of the leading importer of Japanese vehicles. Almost all types of used vehicles, even machinery and parts are imported by Africa. Economy of many African countries depends hugely on the importation of motor vehicles.


Antigua and Barbuda used car market

Antigua and Barbuda has banned the importation of used vehicles in the country that are older than five years in order to reduce the environmental risks. However, the ban hasn’t hampered the market of used vehicles. The used car market is now not only larger in size, but also growing at a rate faster than the new car market while undergoing structural changes and getting more organized.


Armenia used car market

Armenia, a landlocked European nation is another major importer of Japanese used vehicles. Armenians prefer to buy a used motor vehicle as new ones are very expensive. The new car market of Armenia is very small, thus giving ample opportunities to used vehicle exporters to make their fortune. The local used car market of the country is also good.


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.


Bahamas used car market

The Bahamas, an archipelago of about 700 islands and 2,400 uninhabited islets is a popular tourist destination. It is one of the most prosperous countries in the Caribbean region with good per capita income. As the taxes on new vehicles are quite high, people can’t afford them and have to go with used cars. A lot of used vehicles from Japan are imported to Bahamas as these are reliable, comfortable, durable and within reach.


Bangladesh used car market

Since 1971 Bangladesh Independent Movement, Bangladesh has close ties with Japan, as the later helped the former in getting independence. Since then, there are good trade relations between both countries. Japanese used cars are popular in the country as they are dependable, high on quality and safe to drive. The reduction in the import cost helped in the increment of sales of second-hand vehicles. Around 80 percent of the used car market in Bangladesh is controlled by Japan.


Botswana used car market

Easy importation of vehicles in Botswana has increased the population of vehicles on the road. Motor vehicles per thousand people in Botswana have increased in comparison to previous data. As per the statistics of the World Bank, during 2005-2009, numbers of vehicles were 159, however, during 2009-2014, it has reached to 168.


British Anguilla used car market

British Anguilla import many Japan used cars. The low mileage, excellent quality, and reasonable prices make Japanese vehicles popular across the country. British Anguilla is a British overseas territory in the Caribbean region. Likewise, most cars in British Anguilla are imported from Japan only. Large number of second hand cars can be seen on the roads of British Anguilla.


Burundi used car market

The cars industry of Burundi has seen consistent progress in past few years, but still it is not very stable. Therefore, many Japanese used car exporters and dealers export used vehicles to Burundi in order to provide the Burundians with quality, low cost and durable cars. Japanese vehicles being resistant to harsh conditions are most popular in Burundi.


Cayman Islands used car market

Like other countries, the Cayman Islands is a major importer of used Japanese vehicles. The Japanese used car market holds a very vast future. Main reasons for the popularity of Japanese vehicles are that they are reliable, high on quality and safe to drive. Located in the western Caribbean south of Miami, Florida and west of Jamaica, Cayman Islands is a major importer of used Japanese vehicles.


Cook Islands used car market

The Cook Islands is an island nation in the South Pacific Ocean in free association with New Zealand. The country’s local automobile sector is not very vast; hence large numbers of vehicles from foreign makers enter in the market. The popularity of used vehicles in the country is more in comparison to the new ones. The Cook Islands is a good market for Japanese used cars.


Cyprus used car market

Japanese used vehicles are imported to almost all countries across the world. Japanese vehicles are known for being reliable, durable, high on quality and safe to drive features. Cyprus, an island country in the Eastern Mediterranean Sea and a member state of European Union also import large numbers of vehicles from Japan.


Dominica used car market

Dominicans have always been enthusiasts of Japanese vehicles. Popularity of Japan used cars is in the country due to their impressive specifications, good condition and high quality. Buying a used vehicle is in fact a sensible decision as it helps consumers to escape high car value depreciation as high depreciation of the vehicle occurs during first-second years.


Dominican Republic used car market

Japanese automakers are known for understanding the taste of automobile buyers very well. Like other countries, Dominican Republic import Japanese vehicles. Dominican Republic is a country in the West Indies that occupies the eastern five-eighths of Hispaniola. The local auto industry of the country is not very vast and developed, thus automobiles from foreign makers enter in the market.


Fiji used car market

Fiji is a group of volcanic islands in the South Pacific. This archipelago nation has one of the most developed economies in the Pacific due to abundance of forest, mineral, and other resources. There is a huge demand of used vehicles in the country as pre-owned vehicles give higher flexibility and reach to potential car buyers.


Germany used car market

Germany is located in west-central Europe that stretches from the Alps, across the North European Plain to the North Sea and the Baltic Sea. The market for used vehicles in the country is on the rise. In the year 2010, 140 units of Japanese used vehicles were imported into Germany, which increases to 328 units in the year 2014. Every year sees growth and stability in the market segment.


Grenada used car market

Between the Caribbean Sea and Atlantic Ocean, north of Trinidad and Tobago; there lies a Caribbean island, Grenada. The country offers very pleasant and business like atmosphere to traders. In the past few years, demand for used vehicles in Grenada has risen immensely especially for personal cars.Grenadians prefer to import used vehicles due to lower duties.


Guam used car market

Guam is the southernmost island of the Marianas archipelago in the western Pacific Ocean. This island nation is one of the not so developed countries in the Oceanic region, so generally vehicles in the country are imported. The local market of the country is dominated by Japanese automakers.Guam is an Oceania island in the North Pacific Ocean, which import used vehicles from Japan.


Guyana used car market

As the price difference between new cars and used ones is quite large, thus Guyanese prefer to go with the used cars. The local market of the country is ruled by Japan. Reconditioned cars from Japan accounts for the maximum in the country. The high demand for Japanese used vehicles is directly linked to easy financing.Used cars have attracted large numbers of citizens of Guyana.


Ireland used car market

Ireland, an island in the northwest Europe in the North Atlantic Ocean also imports used Japanese vehicles. With the advancement in technology, importing a vehicle from Japan is not a difficult process. Importers just have to follow the regulations to clear customs smoothly. In Ireland, right hand drive vehicles are allowed as driving is done on the left-hand side of the road.


Haiti used car market

Like other Caribbean nations, Haiti too import used vehicles, mainly from Japan. Around 105 units of used vehicles were imported in the year 2014, which were 51 units more than those which were imported the year before. This shows that the used car market of the country is developing. The Japan automobile industry is apparently determined to become a major supplier of used cars to Haiti.


Italy used car market

Japanese vehicles have reliability, longevity, durability, and are high on quality. Almost every country in the world import used vehicle from Japan. Italy, which is located in southern Europe also import large numbers of Japanese vehicles. The used car market of Italy is smaller in comparison to other European nations, but it is rising gradually.


Japan Used Cars in Caribbean Region

One of the emerging markets for Japanese used vehicles is Caribbean region. Situated on the Caribbean Plate, this region holds very vast opportunities for the exporters. There are large numbers of vehicle exporting companies in Japan, that export around thousands of used vehicles altogether to the region. Nearly every shipment of used vehicles imported into the region sells out.


Japanese Used Automobile Trade

There is no doubt that Japanese are more devoted towards their work, hence the end result are always a vehicle that one feels proud to drive. Japanese automobiles are among the top makers due to the reliability and quality of products offered. And as a result, large numbers of used cars and vehicles are exported to many countries across the world.
The used car market of Japan has been bigger and is growing at a much faster pace compared to the new car market. According to the statistics, in the year 2003, 714,808 used vehicles were exported from Japan, whereas in 2013, as many as 1,163,109 Japanese used vehicles were exported.


Kazakhstan used car market

The increasing population of a country increases the demand in the number of people wanting to purchase a vehicle. As a matter of fact, most people choose used vehicle over new ones because not only they get good quality vehicle at reasonable rates, but the depreciation rate of used vehicles is lower than that of new ones.


Kenya used car market

Kenya is the hub of economic, commercial and logistic of the entire East African region and has the most developed economy in the whole East Africa. The increase in the purchase of vehicle reflects increased spending by the country’s middle class, which is growing fast. This develops confidence that the economy of the country is growing. Kenya surely offers a lucrative market for vehicles.


Kyrgyzstan used car market

Kyrgyzstan is a small landlocked state located in Central Asia. Industrial production of the country is largely represented by gold production; to be precise gold is the largest export commodity for Kyrgyzstan. The country has no local automobile production and as a result almost all vehicles in Kyrgyzstan are imported.


Malaysia used car market

One of the most important industries in the manufacturing sector of Malaysia is the automobile industry. In comparison to other industries, the automobile industry is a promising and a growing one, and contributes heavily towards the economic and industrialization process. Malaysians prefer to buy a used motor vehicle as new ones are very expensive.
The main reason that contributes towards the popularity of Japanese vehicles in the country is that Malaysians trust more on imported vehicles rather than on local used cars.


Malta used car market

With the growing popularity of new vehicles, Japanese used vehicles are also gaining popularity. Almost all parts of the world import used vehicles from Japan and one of the popular destinations for Japanese used vehicles is Malta. Like other countries, Malta, import many units of used vehicles from Japan within a year.


Moldova used car market

Moldova allows the importation of only left-hand drive vehicles. Used vehicles above the age of 7 years are not allowed to ship in the country. There are certain rules and regulations that are necessary to follow in order to import the vehicle in a legal manner. Toyota Motors being a most trustworthy maker is the most selling brands in the country.


Mongolia used car market

Prior to 1990s, Mongolia market was dominated by Russian made automobiles, but now, it is not common to see a vehicle from Russia on Mongolia roads. Currently, Japanese vehicles dominate the market. Motor vehicles in the country range from reasonable small-sedans to big off-road jeeps. Mongolians prefer to purchase Japanese vehicles because they are reliable, efficient and easily affordable.


Mozambique used car market

Almost every country in the world import used vehicle from Japan. Likewise, most cars in Mozambique are imported from Japan only. Large numbers of second hand cars can be seen on the roads of Mozambique. This southern African country has witnessed a tremendous increase in the number of cars on the roads in recent years. The local market of Mozambique is good enough, thus sales of used vehicle are quite good in the country.


Myanmar market for Japanese used vehicle exporters

Myanmar is taking steps towards growth and development. Tourism is a promising industry to earn foreign exchange due to its natural beauty and interesting political history. Myanmar is rich in natural resources and has a strong agricultural base. It also has vast timber, natural gas, and fishery reserves and is a leading source of gems (rubies) and jade.


Namibia used car market

The automobile sector of the country is growing. Namibia being an underdeveloped nation doesn’t have much market for new vehicles, as many people cannot afford to purchase a new car. Namibians are looking forward for buying used vehicles as they have years of lifespan and are affordable alternatives on the market. Plus taxation from the government for registering a new vehicle is more in comparison to used cars.


Netherlands used car market

The automobile sector of Netherlands has contributed towards the growth of the nation. The country offers very pleasant and business like atmosphere to traders. In the past few years, demand for used vehicles in Netherlands has risen immensely especially for personal cars. There are a number of experienced and trustworthy exporters in Japan that provide quality used vehicles in Netherlands.


New Zealand used car market

New Zealand has always been a major importer of Japan used cars. The low mileage, excellent quality, and reasonable prices makes Japanese used vehicles popular across the country. According to the data from the Ministry of Transport, even the used vehicles imported in the year 1990 are still on roads. The average age of New Zealand’s light fleet is 13.2 years.


Nigeria used car market

Nigeria is significant in country’s progress. The country is one of the biggest car buyers in Africa. This can be accounted for the growth of various sectors in the country. Vehicle sales in the country is increasing at fast pace with dealers expecting the digits to reach double-digit growth in comparison to the past year. Nigeria was the 5th largest car market in Africa in 2013.


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.


Philippines used car market

Philippines is the 46th largest economy in the world. In developing countries like the Philippines, used car started late, but develops faster. Japan is the major trading partner of Philippines. The country is one of the major importers of Japanese used cars.
Along with Japan, used cars from Korea are also imported in the Philippine. Philippines prefer to buy Japanese vehicles as depreciation of these vehicles are much less than that of vehicles manufactured by other automakers.


Poland used car market

Situated at the heart of Central Europe, Poland is a tourist destination.The auto industry of the country is not strong, so generally vehicles are imported in the country. With the increasing population in the country, demand for vehicles is also rising. Along with new vehicles, used vehicles are also gaining popularity in the nation.


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.


Russia used car market

The fallout of USSR and the beginning of the Russian Federation, led to the emergence of a big market for automakers. The country provides favorable and many opportunities for automobile manufacturers across the world. The development of used vehicle market in Russia contributed towards the growth of dealership networks in the country. Russia is among a major importer of Japanese used vehicles.
The SUV is one of the most selling cars in the Russian Federation. Finding the spare parts for used vehicles is also not a difficult thing in Russia.


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.


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.


Samoa used car market

Samoa, officially the Independent State of Samoa, is an Oceania country, encompassing the western part of the Samoan Islands in the South Pacific Ocean. Being a developing nation, the market is not competitive and is efficient. Large numbers of used vehicles from Japan are imported by the country every year. The slow growth of new market contributed to continued growth in the used car market.


Solomon Islands used car market

Japan is the world’s leading source of automobiles and is known for ages for delivering high quality vehicles at competitive prices. Importation of used cars from Japan is very frequent because of their reliability and authenticity. Solomon Islands, a nation in the South Pacific Ocean that lies east of Papua New Guinea import used vehicles from Japan.


South Africa used car market

Japan is the biggest exporter of used vehicles and Africa is one of the largest importers of used vehicles. Large numbers of used vehicles are imported in this continent. Among various African countries, South Africa is one of the largest importers of used vehicles. Located in the southern tip of Africa, this country surely holds a vast market of used vehicles.


Tanzania automobile industry for used car exporters

The automobile industry of the country is still weak, but the market is growing, supported by growing incomes, improving urban infrastructure and the supply of cost-effective vehicles by Asian manufacturers. The automobile sector of Tanzania is not very strong, thus the country gives ample opportunities to other countries to enter the Tanzania market.


Trinidad and Tobago used car market

Trinidad and Tobago makes up a two-island Republic and they are the two most southerly Caribbean islands. It is the third richest country by GDP (PPP) per capita after the United States and Canada in the Americas. For the past many years, Japanese used cars are being imported to Trinidad and Tobago. Trinidad and Tobago offers a large market for used vehicle dealers.


Uganda used car market

The dealership in the country flourished when the restriction on importation of used cars more than seven years was revoked. As the used cars dealership grew, people’s love for used cars increases. There are 13 cars in Uganda per thousand people. Both right and left hand drive vehicles of any age are permitted in Uganda.


Turkey used car market

The popularity of Japanese used vehicles has spread to all countries across the world. Turkey situated in Anatolia and the Balkans, bordering the Black Sea also import large numbers of used vehicles from Japan. The development in the technology has made the process of importation an easy process.


United Arab Emirates used car market

Japanese brands such as Toyota, Nissan, Honda, and Mitsubishi have become synonymous to quality, reliability and safety. There is no doubt that the United Arab Emirates (UAE) automobile market is dominated by Japanese manufacturers.
Other countries makers such as BMW, Mercedes also play a significant role in the development of the country, however success achieved by Japanese makers is much more than that of other makers. People in the UAE generally prefer to go with the “made in Japan” category. This reason also constitute towards the popularity of Japanese vehicles across the country.


United Kingdom used car market

Importing used cars in UK is very popular because of the financial savings that the importer experiences. Almost all types of Japan used cars are being imported in UK. Importing a Japanese used car in UK is not a cumbersome process, it only requires following of certain importation rules and regulations.


Used car market of Pakistan

Pakistan, situated in the western part of Indian subcontinent is a major importer of second-hand cars from Japan. The local car market of Pakistan is flooded with used vehicles as they fall within the budget. Japanese used vehicles are popular in the nation as they are reliable, high on quality and safe to drive. Along with used vehicles, used parts are also imported in large scale in Pakistan from Japan.


Zambia used car market

Africa is a leading importer of Japanese used cars and being its country, many vehicles in Zambia are imported from Japan. The roads of Zambia are flourished with used vehicles imported from Japan. It is like a trend in the country to import used vehicles. Japan is known for offering quality used vehicles at practical prices.


  

 

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