In July 2011, used vehicle exports showed a year-on-year decline again. The July exports totaled 67,941 units, down 7.5% from a year earlier. It also indicated a decrease of 10.1% compared with the previous month. The July exports marked the first decline in two months. The decline was caused by a sharp fall in exports to Russia as well as slowed exports to Sri Lanka.
According to a country-based analysis conducted by the International Auto Trade Association (iATA), Russia maintained the largest destination for Japanese used vehicle exports. The number of used vehicles bound for that country, however, significantly fell by 39.2% from previous year’s 12,428 units on the year to 7,556 units. The avearge FOB price rose by around 70,000 yen from a year earlier.
Exports to the second-ranked United Arab Emirates (U.A.E.) totaled 7,395 units, up 21.8% year-on-year. The average FOB price rose by around 40,000 yen.
Used vehicles bound for South Africa, ranked third, were 5,733 untis. down 9.1% on the year. Exprots to New Zealand also declined 7.2% to 5,040 units.
Used vehicles bound for Chile sharply declined from last year’s 5,803 units to 3,650 units, down 31.1%.
In January-July period, used vehicle exports form Japan totaled 493,964 units, up 0.5% from the same period last year.
In July, remarkable year-on-year increases were found in exported volume to Pakistan (up 388.2%), Botswana (up 270.9%), Kyrgyz (up272.6%), China (up 119.1%), Zambia (up 121.7%), Papua New Guinea (up 203.0%), etc. Exports to Mongolia are still steady going.
In contrast, for some destinations, export businesses were stagnant. They were Kenya (down 25.8%), Sri Lanka (down 21.0%), and Tanzania (down 38.5%), etc.
