With the increasing prices of new vehicles, buyers are finding better value in pre-owned market, thus resulting in higher demand for used vehicle market. Japan is the biggest exporter of used vehicles and Africa is one of the largest importers of used vehicles. Millions of used vehicles are imported from Japan. It is just because of their flawless quality that Japanese vehicles are popular across the world. Among various African countries, South Africa is one of the largest importers of used vehicles. Located in the southern tip of Africa, this country surely holds a vast market of used vehicles. Apart from a significant increase in the prices of new vehicles, the used car market also benefitted from affordability concerns and low interest rates.
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