{"id":11593,"date":"2023-10-06T01:23:00","date_gmt":"2023-10-06T00:23:00","guid":{"rendered":"https:\/\/www.carscoops.com\/?p=2822481"},"modified":"2023-10-06T01:23:00","modified_gmt":"2023-10-06T00:23:00","slug":"japan-slams-brakes-on-used-car-exports-to-russia","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2023\/10\/06\/japan-slams-brakes-on-used-car-exports-to-russia\/","title":{"rendered":"Japan Slams Brakes On Used Car Exports To Russia"},"content":{"rendered":"

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Since the escalation of the Russo-Ukrainian war in early 2022, Russia started buying up used cars from Japan in record numbers. However, Japan<\/a> has since moved to bar most used-car sales to Russia.<\/p>\n

Soon after international sanctions prompted many of the world’s largest car manufacturers to stop selling their vehicles in Russia, the demand for used vehicles from the Land of the Rising Sun soared. In fact, Russia accounted for more than a quarter of all of Japan’s used-car exports and the prices of these cars averaged almost $8,200, more than double the average price in 2020.<\/p>\n

Figures released by Russian<\/a> analytical agency Autostat reveal that over 50% of the 303,000 used cars imported into the country through January-August this year were from Japan. At one point, used car exporter SV Alliance was sending an average of 6,500 used cars to Russia each month but business is now down 70%. Why?<\/p>\n

Read: Floundering Car Sales Point To Badly Deteriorating Russian Economy<\/a><\/strong><\/p>\n