- 14 Mar 2002
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Japan's used car exports to Russia have shown remarkable resilience, even after the Japanese government implemented stricter export controls in August 2023. While new car sales from Japanese automakers have significantly declined following Russia's invasion of Ukraine, used car exports have continued to flourish. From January to August, 132,217 used cars were exported to Russia, a 20% decrease compared to last year. However, Russia remains a crucial market for Japanese used car dealers, second only to the United Arab Emirates, according to the Japan Used Motor Vehicle Exporters Association (JUMVEA).
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"We still get a lot of orders from Russia, and I see the Russian market is stable," Hiroshi Sato, chairman of JUMVEA, told Nikkei Asia. In August, export volume rose 21.8% from the previous year to 15,153 vehicles. The sanctions against Russia do not appear to be having the desired effect. Last year, the Japanese government extended its export restrictions -- part of its economic sanctions against Russia -- by adding vehicles with engine displacements exceeding 1,900 cubic centimetres, hybrids and plug-in hybrid cars, and electric vehicles to the export ban, aligning itself with the European Union. [...] Sato said Toyota is one of the strongest brands in the Russian used car market due to the car's reputation for reliability in extremely cold weather and the ease of purchasing replacement parts. Larger cars like the Land Cruiser and Alphard have long been popular. While the import of these cars is banned due to the tighter restrictions, demand has quickly shifted to compact vehicles.
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Japan used car exports to Russia solid despite new restrictions
Demand shifts to smaller vehicles after trade ban on large cars last year