Located in the South Pacific region of Oceania, Solomon Islands offer vast business opportunities in the area of automobiles. Over the past many years, the country has one of the best performing economies. Solomon Islands offers very pleasant and business like atmosphere to traders. Importation of used vehicles in the island nation is quite simple due to lower duties. Honiara and Guadalcanal Is are major ports for importing Japan used cars in Solomon Islands. These ports provide straight forward clearing procedures and outstanding security for the used car and its content. Since traffic moves on the left side of the roads, right-hand drive cars are recommended in the Solomon Islands.
Like many Oceania countries, new vehicle market in the Solomon Islands is quite limited, thus giving fair opportunities to used cars exporters to invest in the market. Many people in Solomon Islands prefer to purchase a Japanese used vehicle as one gets a good and reliable vehicle with prices almost half of that of the cost price of new vehicles. The market is dominated by models from Toyota and Suzuki.
The demand for used vehicles in the country is increasing year by year. There is no doubt that the sales of new vehicles are cut heavily by used vehicle sales. In the year 2010 around 536 units of used vehicles were imported by the country. The figure reached to 973 units in 2014. The stats clearly show increasing demand of Japanese vehicles in the country, thus gives ample opportunities to small and big businesses to make a fortune.
Used vehicles imported statistics for last 5 years:
0-14 m3 – US $ 210
14-20 m3- US $ 210
Major ports- Honiara, Guadalcanal Is
Japan has always been a popular source for transportation of used and new vehicle. Popularity of used cars from Japan is due to their remarkable specifications, good condition and high quality. Located in the South Pacific region of Oceania, Solomon Islands offer vast business opportunities in the area of automobiles. Over the past many years, the country has emerged as a major importer of Japanese used vehicles.