Used vehicle exports in October totaled 74,131 units, down 35.1% from a year earlier, according to the Ministry of Finance Customhouse statistics. It marked the 13th consecutive month of year-on-year decline since October 2008. The October 2009 exports also increased 25% compared with the previous month.
According to an analysis of the International Auto Trade Association(iATA), increased volume to such contries as South Africa, United Arab Emirates and New Zealand partially offset the reduction of used cars destined to Russia and Chile year on year.
The October exports were the highest monthly volume of this year.
South Africa maintained the largest destination for used vehicles from Japan for third consecutive month. Exported volume to that nation totaled 8,011 units, up 44% year on year. But the average FOB price declined by roughly 90,000 yen from last year.
United Arab Emirates came to second position. Exported volume to that nation were 7,678 units, up 26%. Average FOB prices down roughly 60,000 yen.
Exported used vehicles to New Zealand jumped from last year’s 3,325 units to 7,537 units, marking the third units straight month of increase year on year.
Exports to Russia scale backed from last year’s 50,777 units to 6,303 vehicles in October, down 87%. Used vehicles bound for Chile also fell by 46% to 5,473 units.
In the top 25 destinations, 20 marked year on year increases, including Bangladesh (up 123%), Malaysia (up 103%), Georgia (up 177%), and Myanmar (up 303%).
Notably, exports to Bolivia of South America climbed from last year’s 46 units to 586 units. Exports to Australia, Pakistan, Indonesia and Malta also increased. In contrast, exported volume to Peru, Cyprus and Mongolia significantly reduced.
In January-October period this year 533,620 used vehicles have been exported, 54% behind last year.
