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A used car, often known as a pre-owned vehicle or a secondhand car, is one that has previously been owned by one or more retail owners.
Used automobiles can be purchased from a variety of sources, such as franchise and independent car dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party transactions.
The Cameroon Used car Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
Vehicle regulations in Africa: Impact on used vehicle import and new vehicle sales. Outdoor air pollution has increased mortality rates in Africa.
Motor vehicle pollution is a key contributor. However, at least 85% of Africa’s car fleet consists of second hand vehicles, some of which are outmoded and use outdated technologies.
The current and prospective automobile restrictions in several African countries, as well as their impact on used vehicle imports, new vehicle sales, and production. The study will include detailed data on used vehicle imports into Africa.
The stats show that used vehicle imports continue to rise in countries such as Nigeria and Libya. Vehicle standards have not increased the buying or manufacturing of new automobiles anywhere in Africa.
The age restriction and ban on used vehicles have not resulted in the surge in new vehicle sales that many officials had hoped for.
Used car growth fell by 8.6%, while new vehicle growth fell by 6%. The study revealed that, while zero-rated new automobiles fitted with obsolete technologies are sold in Africa, policymakers have mostly ignored their impact. More recommendations on harmonised vehicle standards for Africa have been made.
