Archive for the ‘Cyprus’ Category

Cyprus See Increase of Used Car Imports

July 24, 2008

Recently, there has been some increase of import used cars to Cyprus attributed to two things done by the Government. First, access to importing used cars has increased as anybody can import a used car. This increases the overall amount of importers (and customers to exporters).

The second policy that help increase trade was a move by the government to get old cars off the road and replacing them with new, more recent models. Owners of cars that are older than 15 years were offered money to replacing their vehicle with more environmentally friendly cars. People could get between 256 Euro and 1,708 Euro depending on what they were withdrawing from registry or how effiecent a car they were buying.

The Cyprus government find this scheme as a huge sucess for the country and the environment. They are looking forward to possibly continuing the scheme in 2009.

Source – Cyprus Mail

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Driving On The Right Side… Of The Road Or Car?

April 11, 2008

As many of you may be aware, Japan is a RHD (Right Hand Drive) vehicle country like the UK. According to Wikipedia, about 34% of the world by population drive on the left, and 66% on the right. By roadway distances, about 28% drive on the left, and 72% on the right. To visualize this:

RHD vs. LHD on a World Map

Those in blue are RHD and those in red are LHD. The terms left or right hand drive refer to where the driver sits in the motor vehicle not where the car is on the road. So in the case of Japan, the steering wheel is on the right hand side.

Most markets that are already RHD will find much value in Japanese used vehicles. Areas such as South-East Asia, Oceania, Eastern Africa, and the British Isles are major importers. Because they use the same system as Japan, there are less hassles getting the vehicles imported. But just because a country doesn’t drive the same way as Japan doesn’t mean RHD vehicles can’t be imported.

For example, Russia is officially regulated for LHD traffic, but Japanese RHD cars are the single largest supplier of used cars to Russia. Last year over 440 thousand vehicles where exported from Japan into Russia. Russia is estimated to have more than 1.5 million RHD vehicles on its roads. In the far eastern regions, such as Vladivostok or Khabarovsk, RHD vehicles make up to 90% of the total. Many other LHD nations are also importing RHD in the thousands without any problems such as Canada, UAE, Chile, Mongolia, Cyprus, and Peru.

There are two considerations for importers. First, are RHD vehicles legally able to be imported, and more importantly, driven in your country. Even in the case that RHD autos cannot be used on your roads, many governments allow the vehicle to be modified so that it is switched to LHD.

The second consideration is if you are willing to drive “on the wrong side” or will you be able to sell cars to customers that are RHD. It is not a matter of being a safety hazard if the driver sits on the other side. A Canadian study showed that RHD drivers were more careful, thus less likely to get into accidents, than those who drove like normal.

It is also not about not getting able to feel comfortable driving RHD drive in a LHD nation. Most drivers who experience this challenge are able to overcome the awkwardness of driving differently within the first few hours on the road. The main issues are do you mind standing out a little bit and will it bring to much inconvenience to your lifestyle? For example, you’ll need a passenger to help you through drive-thru’s and at toll booths. If you don’t mind, and you can import, there are plenty of benefits.

Image and Statistics from Wikipedia under the terms of the GNU Free Documentation License.

Top Importing Countries in Feburary 08

April 2, 2008
  1. Russia = 40,690
  2. Chile = 10,055
  3. UAE = 7,363
  4. New Zealand = 7,227
  5. Malaysia = 2,564
  6. South Africa = 2,139
  7. Mongolia = 1,759
  8. UK = 1,703
  9. Singapore = 1,646
  10. Cyprus = 1,612

Mongolia has been recently got more hungry for cars. New Zealand is feeling the restriction. Russia remaining as strong as ever. Chile has recently seen a rise of imports being the gateway to South America. Another hubs, Singapore and the United Arab Emirates are keeping steady, if not growing slightly.