Italy used car market

Buying a new car is every man’s dream, but is not everyone’s cup of tea. So, many car lovers prefer to go with used cars as they are the most feasible option to have a car. Buying a Japanese used car is a more radical decision as one gets high quality vehicle at affordable prices. With every passing day, the popularity of Japanese used vehicles is increasing. Japanese vehicles have reliability, longevity, durability, and are high on quality.

italy

Almost every country in the world import used vehicle from Japan. Italy, which is located in southern Europe also import large numbers of Japanese vehicles. The used car market of Italy is smaller in comparison to other European nations, but it is rising gradually. Toyota followed by Nissan and Subaru are popular Japanese brands in the country.

For middle average income group, used cars are the popular choices. The used car market is growing at a much faster pace in comparison to previous years. Low price, easy availability of spare parts, and higher resale value are some of the reasons that contribute towards the popularity of used vehicles in the nation. Apart from above given reasons, used vehicles also help consumers to escape high car value depreciation because high depreciation occurs during first-second years.

The demand for used cars is high in European nations and Italy is one of the top countries for finding reconditioned cars at bargain prices. With the population of around 60 million, it is clear that there is huge demand for quality vehicles in the country. The country offers a big market for exporters, it is just that vehicle imported into the country should match with the country’s standard and regulations.

Import rules and regulations-
Japan is known for producing high quality reliable vehicles for decades and their reputation for delivering best vehicles has made Japanese cars popular across the world. The presence of many online portals has made the process of importation an easy one. Like other nations, Italy too import used vehicles from Japan. To make sure that the vehicle imported match up with the country’s rules, there are certain import regulations that are to be followed by the importer.

Left-Hand Drive vehicles:-
The country permits importation of only left-hand drive vehicles.

Restriction:-
In case the car is used, it needs to pass an inspection before it can get registered. The vehicle should comply with Italian safety and technical standards. In Italy, basically the following rule applies: If the car is more than six months old and has more than 6,000 kilometers on the mileage counter, it is considered used.

Required Documents:-

  • Copy of Passport or Telespresso (diplomats)
  • Returning Italians should provide a copy of Italian Fiscal Code
  • Original Certificate of Title and Registration in client’s name; and a notarized Italian translation.
  • Original Commercial/Purchase Invoice
  • Drivers License & International Insurance Policy (green card)
  • Technical Data Sheet – from manufacturer, stating car features and declaration of conformities with EU requirements.
  • Bill of Lading – It must show chassis number, engine number, cubic capacity, year of manufacture, brand and model of the vehicle.
  • Insurance Policy – valid for circulation in Italy

The documents specified should be original, notarized copies are not accepted. Client’s presence is required during the clearance process.

Vehicle Importation:-
Non-Italians may import one auto duty-free, provided that proof of ownership and use for at least one year is obtained by means of Certificate of Origin. Vehicles owned less than 1 year cannot be sold, lent or disposed of for one year upon arrival into Italy.

Returning Italians if wants to import a vehicle duty-free, then they must prove residence abroad for more than 18 months and proof that the vehicle has been in their possession for at least 6 months.

Diplomats should arrive almost 40 days in advance of vehicle’s arrival into Italy to obtain necessary documents.

Import Tax Rate:-
While importing a car from a non-EU country, importer has to pay an import duty and registration fee. Used vehicles have higher import duties. If the importer has owned the vehicle for more than a year, then import of the vehicle is duty free. Duty free vehicles imported in Italy should not be sold for a minimum of one year. Customs duty must be paid, which is 11 percent of the vehicle value, as well as VAT, which is currently 21 percent of the vehicle’s value. Importing new vehicles is discouraged in Italy. Restriction is provided on used vehicles over 2,000cc.

Shipping Information:-
Major ports- Ancona, Augusta, Bari

Popular car models:-
Subaru Forester, Nissan Skyline, Mazda RX-7, Nissan Silvia, Toyota Land Cruiser Prado, Mitsubishi Lancer Evolution, Toyota Prius, Toyota Supra, Suzuki Jimny, Subaru Outback