H. Yoo
Research expert covering South Korea
Used vehicle market in Japan - statistics & facts
With roughly 82 million motor vehicles in a population of more than 120 million citizens, Japan is one of the largest vehicle markets in East Asia. This statement holds not only for new automobiles but also for used vehicles. Despite the latest global crises, registrations of used vehicles have proven relatively stable compared to new registration sales. Surveys suggest this market is growing in value, currently estimated to exceed four trillion Japanese yen. That being said, the used vehicle market in Japan is difficult to grasp entirely as various actors such as dealers, auctioneers, exporters, recyclers, and private users compete on the playing field.
