Namibia Used Car Market 2022-2030

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    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.

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

     

    NAMIBIA USED CAR MARKET SIZE AND FORECAST

     

    The Namibia 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.

     

    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.

     

     

    COMPANY PROFILE

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

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per Namibia Used car Market right now and how will it change in the next 5-6 years?
    2. Average cost to set up a Namibia Used car Market in the US, Europe and China?
    3. How many Namibia Used car Market are 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 Market and key vendor selection criteria
    6. Where is the Namibia Used car Market  manufactured? What is the average margin per equipment?
    7. Market share of Namibia Used car Market manufacturers and their upcoming products
    8. The most important planned Namibia Used car Market in next 2 years
    9. Details on network of major Namibia Used car Market and pricing plans
    10. Cost advantage for OEMs who manufacture Namibia Used car Market 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 2022-2030 and every year in between?
    15. Global production breakup of Namibia Used car Market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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