China’s used car exports are rapidly emerging as a very promising and promising market blue ocean, policy support coupled with the rise in international demand, so that it has entered a golden stage of development, if you want to know the business secrets behind and industrial innovation, today let’s explore its current situation and development trends.
I. Market demand
The “Belt and Road” initiative to promote the development of the used car market, Chinese used cars because of the high cost-effective, quite popular in the relevant countries, Central Asia’s economic demand is growing, but the price of new cars is prohibitively high, a lot of consumers have turned to Chinese used cars, take the Haval H6, which is very popular, this time, Russia is also vigorously promoting new energy vehicles, brands like BYD, Chinese new energy vehicles, the market share is also gradually rising.At this time, Russia is also vigorously promoting new energy vehicles, like BYD, Azure and other brands of Chinese new energy used cars, the market share is also gradually rising.
In the Middle East, the Dubai port is an important transit point, China’s used cars are slowly expanding to the market in Africa and South Asia; Saudi Arabia and other countries have a relatively large demand for high-end fuel cars, such as Mercedes-Benz, BMW and other brands can be very illustrative of the situation, at this time, the new car is also beginning to gradually show its influence.
The African market is developing rapidly, and places such as Ethiopia and Nigeria have launched policies one after another to take the initiative to promote the importation of new energy used cars, and this is when Chinese companies provide them with all the services from the beginning to the end.
Demand will continue to increase in the future; improved policies can bring more room for development.
II. Policy support
1. Qualification and scale: After relaxing the filing regulations, automobile enterprises can be supported to apply for relevant matters and expand their export teams; at the same time, they should also be encouraged to build used-vehicle export bases, which can enhance the clustering effect.
2. Transactions and registration: allowing copies of business licenses to be used for transfer registration, setting up green channels for bulk exports, and supporting motor vehicle registration service stations for one-stop business.
3. Customs clearance and tax refunds: optimizing the process of declaration, improving the efficiency of shipment, and helping enterprises to apply for advanced customs certification; strengthening the guidance on tax refunds and shortening the processing time, so that the tax refunds of category I and category II enterprises can be completed within three days.
III. Costs and prices
The cost of exporting used cars from the People’s Republic of China covers a wide range of aspects, including the price of the car and the cost of refurbishment in the acquisition process; logistics, including domestic transportation and international shipping expenses; taxes, such as customs duties and value-added tax; and customs clearance and insurance costs. In terms of exporting to Africa, the cost of transporting and customs duties for a used car valued at 30,000 yuan domestically is relatively high, but the car can be sold locally for more than 40,000 yuan, and the profit margin is relatively high.However, it can be sold locally for more than 40,000 yuan, which is a considerable profit margin.
IV. Industry outlook
The prospect of China’s used car exports is quite promising. Domestic car ownership exceeds 400 million units, which can provide sufficient car sources for exports, strong policy support, nationwide business, simple process and perfect supervision, strong overseas demand,
economic development of the countries along the “Belt and Road” to stimulate automobile consumption, and the volume of exports will reach 436,000 units in 2024, representing a significant increase of 46.5% year-on-year.The export volume will reach 436,000 units in 2024, representing a significant year-on-year growth of 46.5%. In the future, China’s used car exports are expected to continue to grow at a high rate and show their elegance in the global market.The prospect of China’s used car exports is quite promising. Domestic car ownership exceeds 400 million units, which can provide sufficient car sources for exports, strong policy support, nationwide business, simple process and perfect supervision, strong overseas demand,
economic development of the countries along the “Belt and Road” to stimulate automobile consumption, and the volume of exports will reach 436,000 units in 2024, representing a significant increase of 46.5% year-on-year.The export volume will reach 436,000 units in 2024, representing a significant year-on-year growth of 46.5%. In the future, China’s used car exports are expected to continue to grow at a high rate and show their elegance in the global market.
Article source: digitized exports Jiajia
