African Used Car Market

The economy of Africa is growing rapidly and so is the household income of Africans. It has a population of more than 1 billion. This offers a great opportunity for the automakers. But the African market has been on the lookout for used cars. There are not many new car manufacturing units in Africa. Many of the countries don’t even have single manufacturing unit. Also, the tax benefits they get is not very encouraging. The market for new cars is very low and used cars dominate in all of the African countries with 95% of them being used cars. The import taxes on used cars and also the tax exemptions African get is pushing its people to import cars from Middle east and Japan mostly.

The stringent test used cars need to go through in Japan is resulting owners to give away the cars at a throwaway price. Many dealers like Autoworld International is reaping benefits through this without compromising the quality and reliability the cars offer. Autoworld International have been selling second hand cars in Trinidad & Tobago, second hand cars in Jamaica, second hand cars in Kenya, second hand cars in Mauritius, second hand cars in Cyprus and also second hand cars in Maldives and second hand cars in Fiji which are other countries with demand for Japanese used cars. Dealers like Autoworld International are in the business for more than 20 years supplying used cars to Africa and other countries like Fiji and Maldives where there is demand for used cars, especially Japanese used cars. Used vehicles from famous Japanese makers such as Toyota, Subaru, Mitsubishi, Nissan and Suzuki are sold to these countries.

With the development in technology, Africans are becoming tech savvy. They are now leaning towards internet and online dealers to help them import used cars from Japan and other countries. Online dealers give them full support right from getting them their desired car at best prices to importing cars to their preferred places. This trend is predicted to continue in the future as well.