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Other than these exporters, most members are used vehicle dealerships that sell in Japan and are used by Japanese people to find a car they want. In Japan, there are over 30 well-known auto auction groups and over 200 auto auction locations throughout Japan. [4] Additionally, there are smaller auctions held for specialized items.
A Japanese-market Toyota Crown S170 in the United Kingdom.The model has never seen an official release in the country and was registered in May 2019. 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.
The trade association exchanges information, establishes order of fair trade in the used motor vehicle industry, and supports the development of the used motor export business while also conducting joint-business activities required by members, promoting economic activities for members, and improving their social and economic standing.
The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. [1]
Yanase currently has 174 stores selling new cars in Japan and 31 stores that sell used cars under direct management. There is a related company or subsidiary organization dealing with a particular brand of imported cars, some in rural areas. On May 25, 2015, the Yanase car dealership network celebrated its 100th anniversary.
The average age of JDM cars is 8.7 years, ranking 9th in a survey of 30 of the top 50 countries by gross domestic product. [2] According to the Fédération Internationale de l'Automobile, a car in Japan travels a yearly average of over only 9,300 kilometres (5,800 mi), less than half the U.S. average of 19,200 kilometres (11,900 mi). [3]
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.
[2] [3] From 1925 to 1935, the Japanese car market was dominated by American manufacturers (alongside GM since 1925 Ford and since 1930 also Chrysler). [3] [4] In 1930, the combined market share of Ford and General Motors was 95%. [5] During its presence (1927-1939), General Motors had a market share of 42 percent. [6]
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