Ghana's Used Car Market Overview and Policy Analysis

Ghana Automotive Market Landscape

Ghana, located in West Africa with abundant natural resources, has a vehicle market dominated by used car transactions. The country imports approximately 100,000 vehicles annually, with a staggering 90% being used cars, primarily sourced from the United States, Japan, and Germany. The United States stands as Ghana's largest supplier of pre-owned vehicles.

In-Depth Analysis of Ghana's Used Car Market

Market Characteristics and Development Trends

• The Ghanaian automotive sector consists mainly of imported used car retailers and some new car dealerships.
• Through its 2019 Automotive Development Policy, the Ghanaian government encourages local production of affordable new vehicles to reduce reliance on used imports. Major manufacturers like Volkswagen, Nissan, Toyota, Suzuki, and Peugeot have already signed vehicle assembly agreements. Chinese automakers including Chery and Great Wall, along with Britain's

China's Used Car Export Market Analysis: Africa Focus

1. Overview of China's Used Car Export Market

The Chinese used car export market has experienced significant growth since its official launch in May 2019. By March 2024, the market was fully liberalized, with initial export operations starting in key regions including Beijing, Tianjin, Shanghai, Zhejiang (Taizhou), Shandong (Jining), and Guangdong.

From April 2019 to 2023, China exported a total of 367,000 used vehicles worth $8.74 billion. In 2023 alone, exports reached 274,500 units valued at $6.88 billion (approximately ¥43.9 million RMB at current exchange rates).

The market shows balanced exports between new energy vehicles (NEVs) and traditional fuel vehicles, with 138,000 NEVs and 136,000 fuel vehicles shipped. Notably, NEVs accounted for 60.6% of total export value due to their higher average prices.

Chinese used cars now reach over 160 countries and regions, with Belt and