World's biggest automotive market, China, has commenced the export of used cars to Africa, Asia and Europe, with Nigeria among the destinations for the first batch of 300 cars.

According to China’s Ministry of Commerce, the first batch of the 300 exported used cars, which comprises brands from Land Rover, Toyota, Hyundai, Volkswagen, Trumpchi, King Long, Yutong, Zhongtong and WOHO, have a total value of $2.5 million.

They second hand cars are being taken to destinations that include the Lagos port (Nigeria), Sihanoukville Autonomous port (Cambodia), Rangoon Port (Myanmar) and Vorsino and Saint-Petersburg ports (Russia).



Until now, the world's biggest automotive industry had been uninvolved in selling used cars abroad. A statement obtained from China’s Ministry of Commerce, said:

“Although trade in new cars in China last year almost doubled the 13.82 million used cars figure, trading volume of used cars in developed countries, in comparison, was about two times that of new car sales.

“China is hoping to key into this yawning advantage lying beyond its borders. It is estimated that used car exports may fetch about 60 billion Yuan for China in export value if the market is fully opened up. It is also expected the trade would generate higher auto parts and maintenance service exports.

“With all processes done, the first used cars export business in China finally sailed at Nansha Port, Guangzhou, on July 17, 2019 marking a new milestone and economic significance for China’s automobile industry”

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https://autojosh.com/china-begins-export-of-second-hand-cars-to-nigeria/

Nigeria dumping ground as usual

Ftc thank God oooo


China made use of their human capital investment properly but ours is a curse to our greedy leaders .

Nigeria, an official dumping ground

Nigeria, an official dumping ground.

Should we be complaining? When we can't even produce modern day bicycle.

China keying to a yawning advantage by ripping us of our hard earned forex. If government does not place stringent duties on these cars, the new companies built for assemblage will crumble right in our faces.
This is a spillage from the trade war with the US -two fighting elephants with the grass suffering. May we learn on time before it gets unbearably worse.

Why are people making the dumping ground statement?

It is not like Nigerians can afford brand new cars. Is this not the country where people buy 2003 cars and call it "brand new"?

There will always be market (demand) for fairly used things. If they are clean title cars, we are good to go. This is me addressing the "dumping ground" talk.

qualityGod:
Nigeria dumping ground as usual

Can you buy a new car? Talk is cheap.

ridonebabat:
Nigeria, an official dumping ground.

Can you afford a new car? Talk is cheap.

Sai Buhari

correctyourself:


Can you buy a new car? Talk is cheap.

Brand new car could be in instalments. That's what they do all over the world for those who could not afford it.

Hummm they are cleaning their country for electric cars

It has finished........... All sort of cloned vehicles, arriving this dumping ground soonest.......

Mr Chukwudi from a distance right now....

Nna nwanna I go need like 7 containers filled with those!!

just look at hypocritical comments up there....most of those commenters and their relatives actually purchased 'tokumbo' cars and they are here criticising importation of second hand cars

China Kwa!!! Na the agreement them sign with Bubu be this?

Talk about dump site.

now we will be seeing models like toyota wish,axio,primio,noah and all that

this is part of what that dull fool signed with china!

People shouting dumping ground... Can you people buy new cars

cars will nw b cheap

Africa na dumping ground..now that there is electric cars na...dem wan dispose their old cars..

Amuocha:
Sai Buhari

Wetin Buhari and APC do you

Welcome development.

Lexusgs430:
It has finished........... All sort of cloned vehicles, arriving this dumping ground soonest.......

the car u or Ur relatives are riding are they new?

Imagine! A dumping ground

Most Nigerians can't afford brand new cars

So this is a welcome development.

Why can't we buy Innoson?

martineverest:
just look at hypocritical comments up there....most of those commenters and their relatives actually purchased 'tokumbo' cars and they are here criticising importation of second hand cars

Most likely, none of them has ever seen a brand new car.