Used-car trade is ready for growth spurt
THE REGULATED Japanese car market has meant that, historically, the country was a major supplier of used vehicles globally. For example, Japan would ship used vehicles to New Zealand, taking advantage of the empty reeferships which had brought chilled cargoes for the Japanese market.
Other countries with strong used-car trade links with Japan include Cyprus and Ireland.
Demand for used vehicles is also strong in Africa and Asia, particularly in those economies not yet rich enough to buy new.
According to British academic Peter...
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