• Thursday, December 26, 2024
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China’s first used cars export debuts at Guangdong

China’s first used cars export debuts at Guangdong

China’s first used cars export debuts at Guangdong

Nigerians and other citizens of the developing countries now have the options of buying certified used cars following the commencement of the used cars export business in China. The maiden used cars export was launched on July 17, 2019 at Nansha Port, Guangzhou, People’s Republic of China, an indication that the country’s automobile industry is ready to take its rightful place in the global vehicle export business.

According to available reports, Nigeria expends $8 billion annually on vehicles importation.

Guangdong is the major province of automobile, with a mature market and sufficient cars for export, according to a release from GAC Motors

Nigeria. Guangdong Good Car Holdings and Guangdong Junweilong purchased the first batch of used cars for export in China and smoothly went through the formalities for ownership transfer at Guangjun Motor Vehicle Registration Service Station of Vehicle Administration Office of Guangzhou Municipal Public Security Bureau. This fully reflects the efficient and quick vehicle ownership transfer registration service of Vehicle Administration Office of Guangzhou Municipal Public Security Bureau.

In the last few years, users of uncertified used cars have experienced a lot of discomfort manifested in regular breakdowns of their vehicles because those vehicles were not worth the price placed on them which forced unsuspecting car users to hold more cash for precautionary purposes.

“The first batch of 300 used cars will be exported, with the total value of $2.5 million. The brands mainly include Land-rover, Toyota, Hyundai, Volkswagen, GAC Motor Trumpchi, King Long, Yutong, Zhongtong, and WOHO. The used cars will be sold to customers in Cambodia, Nigeria, Myanmar, Russia, etc. They will be shipped in batches from the container terminal and ro-ro terminal at Nansha Port and via China-europe Railway Expressfrom Shilong, Dongguan. The ports of destination include Cambodia (Sihanoukville Autonomous Port), Nigeria (Lagos Port), Myanmar (Rangoon Port), and Russia (Vorsino and Port of Saint-petersburg)’, according to GAC Motors Nigeria.

The certification of the used cars before export involves the Ministry of Commerce, Ministry of Public Security and the General Administration of Customs with supervision provided by the Guangdong Provincial Party Committee as well as Guangdong Provincial Government. Others involved are the Guangdong Provincial Department of Commerce, Guangdong Provincial Department of Public Security, Guangdong Branch of the General Administration of Customs and the tax authority.

These institutions were all supported by Guangzhou Municipal Government, Guangzhou Municipal Commerce Bureau, Guangzhou Municipal Public Security Bureau, Communications Commission of Guangzhou Municipality, Guangzhou Nansha Customs, Nansha District Government and Nansha Port, among others.

Teliat Abiodun Sule Assistant Editor, Economy & Markets

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