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Japanese used vehicle exporting is a grey market international trade involving the export of used cars and other vehicles from Japan to other markets around the world since the 1980s. Despite the high cost of transport, the sale of used cars and other vehicles to other countries is still profitable due to the relatively low cost and good ...
The imported cars are cheaper than local used cars due to the very low value of used cars in Japan (and to an extent, used products in general), and a much larger range of specifications are available on Japanese models compared to the very limited ranges sold locally – even in comparison to the UK, model ranges of Japanese cars can be very ...
In 2004, importing JDM cars became popular in Canada as highly sought after vehicles, such as the 1989 Nissan Skyline GT-R, became eligible to import under Canada's 15-year rule. [10] In contrast, importing grey market vehicles into the United States is much more difficult. [ 11 ]
Foreign-made vehicles imported into the U.S., whether new or used, for personal use or for sale, are subject to duty at 2.5% for cars, 25% for trucks and 2.4% (or free) for motorcycles, per U.S ...
Japanese Used Motor Vehicle Exporting Association (JUMVEA) is a trade association that began on September 14, 1995. On June 1, 1997, with the approval of the Ministry of International Trade and Industry , it was incorporated.
However, significant increases in price of Japanese cars from 1986 onward can be attributed as an effect of the initial voluntary export restraint. [13] The Net effect on Japanese earnings was close to zero. [11] This policy increased the US car sales and total revenue of the American car manufacturers by about $10 billion.
Today, Japan is the third largest automobile market (below the United States and China) and is the second largest car producer in the world with its branded cars being among the most used ones internationally. Automobile export remains one of the country's most profitable exports and is a cornerstone of recovery plan for the latest economic crisis.
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