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Captive import arrangements are usually made to increase the competitiveness of the domestic brand by filling a perceived target market not currently served by its model lineup that is either not practical or not economically feasible to fill from domestic production or a mutually beneficial agreement that helps automakers without a strong distribution network or a presence in a specific ...
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 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]
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 ...
Japan 250 5 India 243 Bodies, incl. cabs, for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles (8707) 10,183 1 China 1,546 2 Germany 1,545 3 Belgium 1,203 3
In Japan, although the laws against grey import products were strict, and domestic car makers and authorized dealers have to conform the vehicle dimension standards and other various regulations differing from Europe and United States, the laws against grey-imported vehicles are very lax due to absence of import tariffs, and there are some grey ...
Abbott said, "This is the first time that Japan has negotiated a comprehensive economic partnership agreement or free trade agreement with a major economy, particularly a major economy with a strong agricultural sector." [2] Prime Minister Abe traveled to Australia in July to sign the Japan–Australia Economic Partnership Agreement, and ...
Country or region Imports (millions of $) . Year United States 3,375,948 2022 European Union [n 1] 2,743,745 [3]: 2022 China 2,706,601 2022 Germany 1,571,057 2022 Japan ...