• Sourcing Solutions
  • Services & Membership
  • Help & Community

The demand for used cars is growing.


Find Suppliers on Alibaba Japan

Why Used Cars?

Overall Quality Improvement

Customers find the used cars to be far more reliable, making it easier for them to invest on it.

Change in Public Attitude

Cars are now more seen as a status symbol. A single car ownership cycle has decreased from 7 years to 3 years from 2013 to 2017.

Emergence of Organizations

Major platforms like Alibaba.com have made it easier for customers to buy used cars and contributed to the overall market growth.
Infiniti Research, 2017.
Mileage 2010 MY 2011 MY 2012 MY 2013 MY 2014 MY 2015 MY 2016 MY 2017 MY
0–10K 63% 66% 71% 76% 83%
10–20K 53% 55% 57% 60% 65% 70% 73% 73%
20–30K 50% 53% 55% 58% 63% 68% 69% 69%
30–40K 48% 50% 53% 57% 61% 66% 63% 66%
40–50K 45% 48% 51% 55% 59% 62% 60%
50–60K 43% 46% 49% 53% 57% 61% 61%
60–70K 41% 44% 47% 51% 55% 59%
70–80K 40% 42% 45% 48% 53% 57%
80–90K 37% 40% 42% 46% 51%
90–100K 35% 38% 40% 43% 48%
100–110K 33% 36% 37% 41%
110–120K 32% 35% 36% 39%
120–130K 30% 33% 35% 37%
130–140K 29% 31% 32%
140–150K 27% 30%

Residual Value Table

To purchase a newer vehicle with high mileage or an older vehicle with fewer miles?

Overall, depreciation curves for mileage are very linear regardless of vehicle age. It also appears as if consumers are not as picky about high-mileage vehicles as perceived.

Edmunds, 2017.

Personal Contract Purchase

A new type of financial plan allows customers to pay an initial deposit and a fixed monthly payment based on an agreed term or annual mileage. At the end of the term, the user can either pay off the remainder or trade in the vehicle as a deposit for a new car, or sign a new loan agreement.

This plan is usually set 3 years each time since the vehicle inspection is compulsory on the 3rd year after buying a new car, and it is a reasonable timing to change cars to avoid the expense. Furthermore, we believe that the spread of this plan type pushes the supply of used cars as well as the quality of used cars (such as lower mileage).

In the U.K. market, approximately 80% of new car sales are financed and driven by this kind of contract plan in 2016.

Manheim Consulting, 2017.

Market Statistics

18.28%33.96% 47.76%APAC EMEANALA

Geographical Segmentation

The global used car market is projected to reach 128.42 million units by 2021, growing at a CAGR of more than 7% over the forecast period.

Technavio, 2017.

Japan Market Export Rate

In Japan, over 30% of the used cars are exported. As the table shows, the export volume is increasing in trend.

Japan Automobile Dealers Association, 2017.
33%38%39%35%36% 20132014201520162017
Myanmar 124,212 New Zealand 122,329 Chile 74,069 Pakistan 56,952 Russia 48,244 SouthAfrica 48,100 Tanzania 39,408 Georgia 37,769 UAE 151,001 Kenya 57,130

Japan Market Export Destination

In 2016, United Arab Emirates occupied the most share of all used car export from Japan, and achieved its highest record so far.

Ministry of Finance, Japan, 2017.

Verified Suppliers Find More on Alibaba Japan

KAIHO SANGYO CO., LTD.

Ishikawa, Japan

SHIN-EI INTERNATIONAL, INC.

Kanagawa, Japan

CAREPO CORPORATION

Ibaraki, Japan

GLOBARISE JAPAN

Fukuoka, Japan