NAMIBIA USED CAR MARKET

INTRODUCTION

A used car is a previously owned vehicle and not a brand-new vehicle. A pre-owned automobile, sometimes known as a secondhand car, is one that has had one or more retail owners in the past.

Various businesses, such as independent and franchised auto dealers and rental car agencies, sell used cars.

NAMIBIA USED CAR MARKETSIZE AND FORECAST

The Namibia 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.

NAMIBIA USED CAR MARKET DYNAMICS

Namibia increases second hand cars age restriction. The Ministry of Industrialization and Trade raised the age limit for the importation of non-commercial used automobiles from the previous 8 years to 12 years.

According to the Ministry, the new measures are an interim measure of assistance for the second-hand automobile business under the current economic circumstances and will be in place for a period of two years.

Given the current state of the global economy and its impact on Namibia's economic sectors and industries, the decision was made to boost industrial performance.

The MIT will also conduct yearly evaluations of the state of the world economy to look for any improvement that might require the withdrawal of the two-year relief measure.

The legislation limiting the age of automobiles was initially put into place to allow citizens to import vehicles older than five years. However, laws were tightened two years later to deter locals from importing vehicles that were no older than five years. 

We applaud the government for making an effort to address the secondary market shortages, but we do not necessarily believe that this is a prudent financial choice for local Namibians given that vehicles over 12 years old may be more susceptible to various mechanical problems than vehicles under 8 years old.

From a personal financial standpoint, buying a car that is less than 12 years old would likely result in lower repair or part replacement expenditures.

NAMIBIA USED CAR MARKET COMPANY PROFILES

• Pupkewitz Certified Used Cars
• Pupkewitz Auto Main Branch
• Premier Auto Cars Namibia
• Pupkewitz Auto 2
• Autoworld Trade Centre
• Indongo Toyota Automark

THIS NAMIBIA USED CAR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per Namibia Used carright now and how will it change in the next 5-6 years?
2. Average cost to set up a Namibia Used car in the US, Europe and China?
3. How many Namibia Used carare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of a Namibia Used car and key vendor selection criteria
6. Where is the Namibia Used carmanufactured? What is the average margin per equipment?
7. Market share of Namibia Used carmanufacturers and their upcoming products
8. The most important planned Namibia Used car in next 2 years
9. Details on network of major Namibia Used carand pricing plans
10. Cost advantage for OEMs who manufacture Namibia Used car in-house
11. 5 key predictions for next 5 years in Namibia Used car Market
12. Average B-2-B Namibia Used car Market price in all segments
13. Latest trends in Namibia Used car Market, by every market segment
14. The market size (both volume and value) of Namibia Used car Market in 2024-2030 and every year in between?
15. Global production breakup of Namibia Used car Market, by suppliers and their OEM relationship