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    LT
    05/01/2018
    Cyprus used car market

    Japanese used vehicles are imported to almost all countries across the world. Japanese vehicles are known for being reliable, durable, high on quality and safe to drive features. Cyprus, an island country in the Eastern Mediterranean Sea and a member state of European Union also import large numbers of vehicles from Japan.

    With the increasing prices of new vehicles, buyers are finding better value in second-hand vehicles that ultimately results in the growth of the used car market. In the year 2013, 3,129 units of used vehicles were imported by Cyprus, which became 5,768 units next year. The slow growth of new market and easy availability of spare parts have contributed towards the continued growth in the used car segment.

    This thriving nation of Europe allows the importation of right-hand drive vehicles. Used vehicle imported must comply with the country’s safety regulations. The procedure for importing and registering a used vehicle is not very difficult. Used vehicles in Cyprus can be imported for short period or long period depending upon the requirements of the importer.

    The boom in the sale of used vehicles is seriously affecting the sales of new ones. The high prices for buying new vehicles has changed consumers’ behavior and purchasing patterns. There is a drastic shift towards used autos as they offer substantial value to buyers. The country is a gold mine for dealers. The local market of Cyprus is flooded with reasonable used vehicles from Japan.

    Popular car models:
    Toyota Voxy, Suzuki Swift, Toyota RAV4, Toyota Land cruiser Prado, Toyota Mark-X, Toyota Probox Van, Toyota Vitz, Nissan Note, Suzuki Every Wagon, Toyota Prius.

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