GHANA USED CAR MARKET

KEY FINDINGS

1. About 100k vehicles are imported in Ghana every year and a large chunk of them are used vehicles. US is the biggest sourcing hub for Ghana used car imports
2. Toyota is the most popular used car brand in Ghana and commands excellent resale value
3. The vehicles imported in Ghana must be less than 10 yrs old to avoid higher taxes and penalty
4. Despite high taxes and several punitive measures Ghana used car market continues to thrive as the cars are significantly cheaper than new local assembled cars

INTRODUCTION TO GHANA USED CAR MARKET

If you engage in the sales of used cars, Ghana is a strong sales point. However, even though you might be thrilled about Ghana’s sizable market for your products, it’s crucial that you first understand what it takes to get your car through customs. With the exception of the President, government agencies, and diplomatic missions, no one is immune from paying taxes.

GHANA USED CAR MARKET SIZE AND FORECAST

The Ghana Used car Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

GHANA USED CAR MARKET MARKET DYNAMICS

Ghana has been created to be a center market for genuinely utilized vehicles. Since Ghanaians adore automobiles, it is not hard to understand why the country’s automobile market has grown so rapidly in recent years.

Fairly used automobiles are frequently regarded as reasonable alternatives due to the fact that the price difference between them and brand-new automobiles is often so negligible that it is not surprising.

Over the years, there have been a lot of debates about fair-used vehicle prices.This is due to the fact that even used cars come in a variety of grades and cost a lot of different things.For example, foreign used cars, which are typically among the cleanest used cars on the market today, typically cost more than local used cars.

THIS GHANA USED CAR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Used cars are manufactured per annum in Ghana? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Ghana Used car and key vendor selection criteria
3. Where are the Used cars manufactured? What is the average margin per unit?
4. Market share of Ghana Used car market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Ghana Used car in-house
6. key predictions for next 5 years in Ghana Used car market
7. Average B-2-B Used car market price in all segments
8. Latest trends in Used car market, by every market segment
9. The market size (both volume and value) of the Used car market in 2024-2030 and every year in between?
10. Production breakup of Used car market, by suppliers and their OEM relationship