Posts Tagged ‘motor vehicle’

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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Japanese Auto Auction Series Part 6 – TAA

July 1, 2008

TAA Japanese Toyota Auto Auction Logo

Official Website: taaweb.jp
Established: 1967
Locations: Chubu, Fukushima (Tohoku), Hiroshima, Kanto, Kinki, Kyushyu, South Kyushyu (Kagoshima; Minami Kyushyu), Okinawa, Yokohama
Auctions Held: Tuesdays, Thursdays, Saturdays

TAA (Toyota Auto Auction) is another type of auto auction found in Japan. This group of 9 auction house was created for Toyota dealers to sell any unwanted cars, such as older cars customers traded in while buying from the dealer. Not only are there such auctions available for Toyota dealers, but there is HAA (Honda), SAA (Suzuki), SUAA (Subaru), NAA/NTAA (Nissan), MAA (Mitsubishi), and IMA (Isuzu).

One advantage TAA has over most of it competing auto auctions is that they publish higher quality images of vehicles from the inspection. While most auto auctions have 300px by 225px photos of the cars, TAA saves photos at 640px by 480px. So in a real way TAA gives auction bidders a “clearer” picture of what condition the car is before the auction begins.

More information is available on the Japanese website: TAA Web (Japanese)

Related:
Japanese Auto Auction Series Part 1 – USS
Japanese Auto Auction Series Part 2 – JAA
Japanese Auto Auction Series Part 3 – Zip
Japanese Auto Auction Series Part 4 – AAAi / ARAI
Japanese Auto Auction Series Part 5 – Bay Auc

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

Japanese Auto Auction Series Part 5 – Bay Auc

June 6, 2008

Bay-Auc - Japanese Auto Auction in Osaka, Japan

Official Website: www.bay-auc.com
Founded: 1977; Established: 1982
Location: Osaka; Patners: MAA, SUAA
Auctions Held: Wednesday

Bay Auc is a well known auto auction in Japan. One particular advantage this auto auction has over many other auctions is its location. It is situated in an very good location in Osaka, one of the biggest international shipping ports of Japan. The city itself is second only to Tokyo in economical power. You will find that many Japanese used car exporters are either based in the Osaka area or heavily use the Osaka Port for shipping vehicles.

The car auction promises to exhibit at least 3,500 to 4,000 cars every Wednesday starting at 9 AM. It has two simultaneous auction “lanes” running at 400 images an hour. Auction lanes are where they have more than one car being auctioned at any moment. This makes getting through the thousands of cars possible. Bay Auc is not the biggest auction, but they do a good job and have many cars to go through.

Related:
Japanese Auto Auction Series Part 1 – USS
Japanese Auto Auction Series Part 2 – JAA
Japanese Auto Auction Series Part 3 – Zip
Japanese Auto Auction Series Part 4 – AAAi / ARAI

Pakistan Automakers Push Import Ban

May 27, 2008

Pakistani automakers are lobbying the government to ban the imports of used cars into Pakistan.

They argue the high demand that local vehicle producers couldn’t cope with a few years ago has dropped and there is no need for allowing older vehicles in for import. They also cite the fact that local producers have invested billions of rupees to increase their production rate. Since demand dropped and supplies have skyrocketed, they believe their local investment may become the losers if imports are allowed to continue.

Vietnam Plays with Tariff Rates, Business Confidence Drops

May 27, 2008

Within the last 16 months, the Vietnamese Government has changed the tariff rate for importing vehicle 5 times.

The current rate of 83% – effective since April 22nd – was particularly effective at dropping business confidence given that it was put into effect on a one day notice. All previous agreements were charged the new rate despite the fact they were made well before anyone new of the new rate.

Luckily for importers and exporters alike, Vietnam not to long ago joined the WTO which put a ceiling on how much the tariff rate can go up. So importers shouldn’t expect more raise unless Vietnam plans to violate their WTO agreement.

New Zealand Used Car Market Subdued

May 27, 2008

In a combination of rises in fuel prices, costs of living, and government legislation, overall used car sales have dropped. Large, fuel inefficient cars got hit the most with a 20% drop in sales.

In comparison, smaller vehicles and “performance” vehicles have been able to sustain sales. Smaller vehicles because they tend to be more fuel efficient. Sporty “performance” cars because most likely the average consumer for these types of vehicles aren’t concerned with rises in costs too much.

Used car exporters will want to focus more on offering smaller, fuel efficient cars to New Zealanders. Kei-class cars might even break out into main stream exports if fuel prices continue to rise.

Source: New Zealand Herald

Japanese Auto Auction Series Part 2 – JAA

April 23, 2008

JAA Japanese Auto Auction

Official Website: www.jaa.co.jp

Founded: 1971
Number of Auction Sites: 2 throughout Japan
Auctions held each Month: 10-14
Number of Cars Available in 2007: nearly 700,000 (Includes HAA Kobe, part of the JAA group)
Number of Cars Sold in 2007:nearly 365,000 (52.2%)
Locations: JAA Tokyo, JAA Tsukuba, HAA Kobe, JAANET (Satellite), JAAWEB (Internet)

Calling themselves the “Pioneer of The Japanese Automobile Auctions”, JAA is the oldest operating Japanese auto auction group in Japan. The continue to carry a good reputation that allows them to continue to compete. On the negative side, they are know to not have all the technological advancements that the larger, newer auctions have. That being said, they a higher sell completion rate than USS group.

Not many locations, but they are a noticeable part of the non-specialty used passenger car market. If your looking for a everyday car from Japan, the typical Nissan or Toyota car, you should watch their 3 locations.

Related:
Japanese Auto Auction Series Part 1 – USS Group

Used Car Exports Up 2007

February 1, 2008

Japan’s Ministry of Finance gives the used car exports industry a chance to look at snapshots of what progress is being made by giving monthly and yearly statistics. In review of 07, there is some big increases especially in Russia, and an increase year to year from 06.

More details (semi-technical) after the break… (more…)