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Monthly Archive for July, 2009

New vehicle exports down 8th straight month

29th July 2009
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Due to shrinking demand for automobiles worldwide, Japanese carmakers’ exports fell for the 8th straight month.

According to the Japan Automobile Manufacturers Association (Jidousha Kogyokai), exports of new vehicles in May, including KD parts, declined 55.9% to 233,217 units. New vehicles bound for North America declined 51.0%, while those to Europe dropped by 60.2% on the year. Vehicles bound for non-EU countries, including Russia, have dramatically reduced. Exports to Asia and the Middle East dropped by 38.2% and 72.8%, respectively.

For the first five months of this year, exported new cars, trucks and buses totaled 677,327 units, down 65.3%, or 1,272,243 vehicles fewer than the year ago result.

Used vehicle sales in May 305,511 units, down 12.9%

22nd July 2009
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Sales of used vehicles in May dropped 12.9% on th year to 305,511 units, a record low for the month since the satistics began to be compiled in 1978, according to Japan Automobile Dealers Association(Jihanren).

The figure, which excludes sales of minivehicles, marked year on year decline. The fall is attributed to a reduced number of used cars traded in amid plunging sales of new cars.

The May total was made up of 120,207 midsize & largesize cars, off 13.1% 138,818 small cars, down 12.5%, 15,854 heavy- and medium-duty trucks, off 19.5%, 21,271 light trucks, down 11.4% 1,197 buses, off 3.2%, 7,528 special purpose vehicles, down 6.8%, and 632 heavy-duty special purpose vehicles, down 32.1%.

World trade of used vehicles reach 6.7mn units in 2007

15th July 2009
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Total figures of export and import of used vehicles in the world market were found to be 6.7 million units in 2007, according to a recent study by the team headed by Kumamoto University Associate Professor Kenichi Togawa.

The world trade of used vehicles were about 3.2 million units in 2007, which climbed to 6.7 million vehicles in 2007.

For 13 years from 1995 through 2007, Japan became the top trader of used vehicles.? Japan is the biggest exporter of used vehicles in the world.

Germany came in second in the used vehicle trade ranking, followed by the U.S., South Korea, Belgium, China, France, the U.K., and Italy.

From Germany, many used vehicles went to Poland, Italy and Africa. Major destinations of used vehicles from the U.S., were Mexico, Saudi Arabia, and Canada.

From South Korea, used vehicles were exported to Jordan, Chile, Russia, the Philippines, Malaysia and Vietnam.

Like Dubai, Belgium is a base for re-export.

Used vehicle exports in May drop 59% to 50,676 units, exports to Bangladesh on the rise

07th July 2009
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Used vehicle exports from Japan in May totaled 50,676 units, down 52.6% from a year earlier, according to the Ministry of Finance Customhouse statistics. It was the 8th consecutive month of year-on-year decline since last October. The May exports this year, which were the lowest April result since 2001, were also down 19.3% compared with the previous month.

Seven destinations, including Bangladesh, posted year on year increases in May.

United Arab Emirates maintained the largest destination for used vehicles from Japan in May. Exported volume to that nation totaled 7,180 units, down 14.5% year on year. The average FOB price dropped by around 80,000 yen from a year ealier.

Bangladesh ranked second with 5,651 units, showing a large increase of 50.6%. The Bangladesh government is considering? an increase of import tariff for used vehicles. The final tax structure on used car imports will be announced on June 30 when the budget come into effect, according to a local media The Daily Star senior reporter.

New Zealand came in third with 4,915 units, down 17.1%. The average FOB price sharply dropped by around 120,000 yen.

Exports to Russia and Chile sharply declined 91.1% and 74.4%, respectively. Reduced volume of used vehicles bound for these two countries totaled some 55,667 units on the year. That means roughly 75% of reduced volume of total exports for May.

Used vehicles bound for New Zealand decluned 24.1% to 3,517 units. The average FOB price sharply?dropped by around 200,000 yen from a year earlier.

Exports to Mongoia (down 84%), Singapore (off 77%), and Peru (down 58%) showed significant year on year decreases.

For the first five months of this year, used vehicle exports totaled 234,877?units, down 40.0%, or 348,531 units fewer, compared with the year ago month.