Archive for the ‘Bangladesh’ Category

Car Watch: Toyota Landcruiser Prado

November 14, 2008

The Toyota Landcruiser Prado has been a very popular SUV in Japan and other nations. The most obvious difference of it (the Prado) and the normal is that it’s noticably smaller. It goes by the name Lexus GX 470 in the United States, but it is still called Land Cruiser Prado in many other countries such as Australia, South Africa, and in the Middle East and Latin America.

To give an example, our friends at JCarBuys have a 2007 Toyota Landcruiser Prado available on stock. Here are some photos of how it looks:

KDJ120 - 2007 Toyota Landcruiser Prado TX-LIM - Black KDJ120 - 2007 Toyota Landcruiser Prado TX-LIM - Black KDJ120 - 2007 Toyota Landcruiser Prado TX-LIM - Black

As you can see, the Prado is very attractive and popular with importers in many countries that desire or need these types of vehicles. They also come with a lot of equipment. Here a list of some things you can see found in this type of car:

automatic air conditioning (climate control), anti-lock brakes, alloy wheels, power steering, power windows, sun roof, supplemental restraint system (air bags), four wheel drive, cd player, television, navigation, leather seats, stereo, tiptronic, 7-seats, and more.

Remember when your looking at different years in the Land Cruiser Prado model range, there are different different model generations:

  • First came the LC 70-Light series built on the J7 platform which was between 1984 and 1990
  • Second came the LC 70-Series also built on the J7 platform from 1990 to 1996
  • The LC 70-Series was replace by the LC 90-Series (J9 platform) during 1996 which last till 2002
  • Currently, the LC 120-Series has been in production on the J12 platform since 2003

You might want to consider such a vehicle for you and your customers if small, classy SUVs are popular in your country.

Information source – Wikipedia

Stats Review: JDM Used Car Exports in 1st Half 2008

September 4, 2008

I was able to obtain the statistics of how many used passenger* cars have been export from Japan during January to June. The statistics do not include trucks and other commerical/non-passenger type vehicles.

Overall Used Passenger Exports from January 2008 to June 2008

Car Units: 579,582
Value: ¥352,310,171,000
(or at today’s exchange rate: $3,249,516,575)

Over three billion (milliard) US Dollars! That’s a whole lot of money for used cars alone.

Top 10 Destinations

Rank Country      | Car Units | Value(Japanese Yen)
  1: RUSSIA       | 260,008   | 163,251,031,000
  2: CHILE        | 55,461    | 11,744,217,000
  3: UAE          | 37,167    | 9,321,093,000
  4: NEW ZEALAND  | 35,640    | 17,991,266,000
  5: MONGOLIA     | 14,322    | 4,342,595,000
  6: KENYA        | 13,013    | 7,342,810,000
  7: SOUTH AFRICA | 12,904    | 3,545,133,000
  8: SINGAPORE    | 12,894    | 21,078,435,000
  9: MALAYSIA     | 12,746    | 25,317,559,000
  10: BANGLADESH  | 10,208    | 10,706,168,000

Russia remains #1 way ahead of everyone as Japan is supplying their used car market rapid expansion. Others continue to remain strong, although old partner New Zealand has slowed down its imports since the new emission regulations have taken affect. Newcomers to the Top 10, Mongolia and Bangladesh, have seen recent sharp rises due to mostly political and somewhat economical changes. They’ve replaced Pakistan (19th) – which has gone through extreme political unrest, and United Kingdom (11th) which has seen reduced demand that is possibly related to economic downturn/unrest.

Together, the top 10 represent roughly 80% of the used passenger vehicles exported from Japan and 78% of the total value of the cars. Thus the top 10 importers hold a landslide majority of sales Japanese used car exporters have made.

Top 20 & 50

Adding the next 10 (Top 20) would make it 90% of car units and 88.5% of total cash amount. Counting the top 50 together will make it roughly 99% of both car units sold and total value.

Draw you own conclusions. The data is quite clear, and if your an exporter, you should have a clear idea what to do. If you want to look at the full data, you can do so by going to:

Japanese Used Passenger Car Export Statistics : January 2008 to June 2008

Note: Car Units and Value data for each country comes from Japan Customs Statistics Office. All other data is calculated by me. Percentages and VPUs are rounded to simplify view.

Bangladesh Investigates New “Used” Imports

June 24, 2008

The National Board of Revenue (NBR) of Bangladesh is looking into the possiblity of people importing brand new cars as “reconditioned” cars, mostly from Japan.

As many Japanese used car exporters are aware, brand new vehicles are quickly registered and de-registered to circumevent Japanese laws forbidding anyone besides the manufacturer from exporting new vehicles. Technically, in the eyes of the law these are no longer brand new vehicles, just new or “as-new” vehicles. Why this matter to Bangladesh NBR is that they make 50% higher import duty on cars imported as new.

To counter this, it is proposed for the new budget that for a vehicle to be considered a “reconditioned” car, it must have a space 365 days between registration and deregistration and have clocked at least 1,000 km of mileage. They hope this will close the loop hole.

It’s not all bad news for importers though. Also in the proposed budget, the government will reduce supplementary duties from 60 percent to 20 percent on import of ordinary non-luxurious microbuses with and engine size between 1500 to 1800 CC which are used for transportation of industrial raw materials and/or passengers.

Source – The New Nation

Bangladesh Proposes Higher Import Duty on Used Cars

June 12, 2008

In the proposed budget for the 2008-09 fiscal year (FY) the government has suggested the following:

  • 20 per cent SD (Supplementary Duty) on vehicles of up to 1500cc
  • 60 per cent SD on vehicles between 1,501 and 2,350cc
  • 100 per cent SD on vehicles between 2,351cc and 3,500cc.

This rates are only applied to used, also called reconditioned, cars. It may change before the budget is put into effect as the Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) argues it should be reduced.

BARVIDA believes that raise the taxes on reconditioned car imports will hold back the current progress the economy is experiencing. The connection is that many small and medium businesses rely on the cheaper used car imports to do their business. We will have to see what comes as most vehicles imported come from Japan.

- Source: The Daily Star


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