American used vehicle exporting
American used vehicle exporting is a grey-market international trade involving the exporting of used vehicles from the United States to international markets.
It's reported that $8 billion worth of used American vehicles were exported in 2021.[1]
History
In 2015, Carfax issued a warning that used American vehicles exported to Europe may have questionable conditions.[2] Many of them, however, were exported to Lithuania with repairs made there because of the cheap price prior to being sold elsewhere in the EU.[2]
In October 2020, it was reported that most used American-made vehicles are exported to United Arab Emirates as the top export market, followed by Nigeria, Georgia, Mexico, Jordan, Ukraine, Cambodia and the Dominican Republic.[3] In 2021, American vehicles were also exported to Oman, Guatemala, Lithuania and Germany.[4]
Due to sanctions placed on Russia after the start of the Russian-Ukrainian War in 2022, Russians have opted to purchase American vehicles in Georgia since car plants in the country were closed in order to comply with sanctions.[5]
Restrictions
Cayman Islands
The Cayman Islands government announced on May 1, 2023 that the cabinet approved, on April 25, 2023, changes in Customs and Border Control (Prohibited Goods) (Amendment) Order, 2023 that restrict the importation of used vehicles from 2016 to 2023.[6] Exceptions are made for classic/antique vehicles and vehicles meant for agricultural work, construction, maintenance or engineering vehicles older than 8 years.[6]
References
- "Joe Biden's dirty EV secret". 16 June 2022.
- "Majority of American cars imported to EU are damaged".
- "Where America's Used Vehicles Get Exported to [Infographic]". Forbes.
- "What Americans Are Driving: Vehicles in Operation, Used-Vehicle Exports, EVs, and Stuff for Engine Geeks". 9 September 2022.
- "Junked American cars do a roaring business in Georgia | Eurasianet". Eurasianet.
- "New Vehicle Importation Restrictions Introduced".
- https://www.wto.org/english/thewto_e/acc_e/ukr_e/wtaccukr131a1_leg_4.pdf
- "Customs clearance of vehicles in Ukraine 2023, List of required documents – CARGO LINE".