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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 ...
Auto auctions are the most popular method to sell used vehicles in Japan. [2] Most customers are Japanese seeking a cheap vehicle to start with or replace their older vehicle. There are many also trying to sell their vehicles. Individuals though cannot directly use auto auctions, but must go through those holding auction membership. [3]
That was more than double the price in 2020, when Russia took about 15% of Japan's used-car exports. Those sales had been on track to top $1.9 billion for all of 2023 before Japan imposed its own ...
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.
According to the highly-watched Manheim Used Vehicle Value Index (which tracks wholesale used-car prices at dealer auctions), used car prices jumped 3.7% in February compared to January of this ...
A used inexpensive car is now becoming more and more of a luxury. What the market wants right now is not available, and that’s $3,000, $4,000 and $5,000 cars.
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 ...
Compared to their peak in February 2022, prices paid for used vehicles are now down 19.4%. Used car prices rose more than 40% annually in both June and July 2021, and again in January and February ...