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The Jerry study found that the used car market will not return to pre-pandemic levels anytime soon. In 2019, there were 13.1 million used cars on the market. That dropped to 11.6 million in 2020 ...
The result of the peculiarities of the Singapore car market has resulted in Singapore being the second largest exporter of used cars in the world after Japan. Cars are exported to many countries, including beyond Asia such as Kenya and South Africa in Africa as well as Jamaica and Trinidad and Tobago in the Caribbean. As these cars are often ...
Hong Kong does not have import tax for cars, however, the first registration tax is high. And the first registration tax rate is progressive, which means a higher price car will fall into a higher tax bracket. Since the used car values are mostly lower than new cars of the same model, used car can enjoy a lower tax rate due to depreciated car ...
With spring car buying season in full swing, those looking for a deal in the used car market are likely not going to find one. According to a new report titled “Used Market Enters Uncharted ...
A Japanese-market Toyota Crown S170 in the United Kingdom.The model has never seen an official release in the country and was registered in May 2019. Japanese used vehicle exporting is a grey market international trade involving the export of used cars and other vehicles from Japan to other markets around the world since the 1980s.
CarPrice develops technology, infrastructure and services for used cars transactions between private sellers and professional buyers. The major part of the business is an online auction. CarPrice also offers logistics, warehousing, corporate services and financial solutions for used cars market players in Russia and Kazakhstan.
A statement released by Guangdong Good Car Holdings Co. Ltd. on November 21, 2019, says that it was the most valuable order received for the export of used cars. [11] On November 11, 2019, it was reported that some used vehicles were sold to Kyrgyzstan. [2] In 2021, exports of used Chinese-made vehicles were sold with a total of 2.01 million ...
As of September 2021, the Tesla Model 3 was the best-selling electric car in Singapore. [11] In September 2022, EV registrations were about 19% of all new car registrations. [1] By the end of 2022, there were 6,531 electric vehicles registered in Singapore, equivalent to 1% of all vehicles in the country. [12]