In October, used vehicle exports totaled 79,239 units, up 8.9% from a year earlier. It also indicated an increase of 22.1% compared with the previous month. The october result marked the first month of year-on-year increase in four months. The upward performance was partly caused by expanded exports to New Zealand, United Arab Emirates 8U.A.E.), Kyrgyz, etc.
According to a country based analysis conducted by the International Auto Trade Association (iATA), Russia maintained the largest destination for Japanese used vehicle exports. Used vehicles bound for that country were 9,374 units, slightly up 2.7% on the yar. The average FOB price dropped by around 20,000 yen.
Exports to the second ranked New Zealand climbed 51.2% to 9,276 units due to last minute demand before the introduction of strict er emission rules for used cars. The avearge FOB price remailed flat.
Vehicles destined for U.A.E. totaled 6,598 units, up around 50,000 yen.
Used vehicles bound for Chile, ranked fourth, were 6,406 units, up 9.3%. Exports to South Africa, ranked fifth, were 5,463 units, down 6.8%.
Used vehicles bound for Pakstan, ranked sixth, significantly increased from last year’s 639 units to 4,317 units. The average FOB price, however, fell from last year’s 825,000 yen to 505,000 yen.
In october, remarkable year-on-year increases were found in exported volume to Kyrgyz (up 49%), Trinidad and Tobago (up 98%), Suriname (up 31%), Zambia (up 52%), Afghanistan (up Jamaica (up 303%), etc.
In contrast, exports were very weak in Kenya (down 41%), Bangladesh (off 35%), Georgia (off 36%), and Thailand (off 53%).
So far this year, used vehicle exports totaled 699,680 units, up 0.2% from a year earlier.
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