7 Reasons to Import Auto from USA in 2021
Are you looking for a new car? If so, you might want to consider importing one from the USA. There are many benefits to buying a car from the US, especially in 2021. Here are some of them:
1. You can save money
The US dollar is weaker than many other currencies, which means you can get more value for your money when you buy a car from the US. You can also take advantage of lower taxes, fees, and tariffs when you import a car from the US, depending on your country’s regulations.
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2. You can access a wider variety of models and options
The US has one of the largest and most diverse car markets in the world, which means you can find almost any type of car you want, from sedans to SUVs to sports cars. You can also customize your car with different features and accessories that may not be available in your local market.
3. You can enjoy higher quality and safety standards
The US has strict regulations and standards for car manufacturing and testing, which means you can expect high-quality and safe vehicles when you buy from the US. You can also benefit from the warranty and service plans that come with most US cars, as well as the availability of spare parts and repairs.
4. You can support the environment
The US has been investing in green technology and innovation, which means you can find many eco-friendly and fuel-efficient cars in the US market. You can also reduce your carbon footprint by choosing a hybrid or electric car, which are becoming more popular and affordable in the US.
5. You can have a unique and stylish car
If you want to stand out from the crowd, importing a car from the US can be a great way to do so. You can choose a car that matches your personality and preferences, and that is not common or available in your local market. You can also impress your friends and family with your rare and exotic car.
6. You can experience the American culture and lifestyle
Buying a car from the US can be more than just a transaction, it can be an adventure. You can travel to the US and explore its diverse and beautiful landscapes, cities, and attractions. You can also learn more about the American culture and history, and meet new people and make new friends.
7. You can have fun and satisfaction
Importing a car from the US can be a rewarding and enjoyable experience, from choosing your car to driving it home. You can feel proud of yourself for accomplishing your goal and fulfilling your dream of owning a car from the US.
As you can see, there are many reasons to import auto from USA in 2021. If you are interested in doing so, you will need to do some research and planning beforehand, such as finding a reliable and reputable dealer, arranging the shipping and delivery, and complying with the legal and regulatory requirements of your country.
How the U.S. Car Import Market Has Changed Over Time
The U.S. is one of the largest importers of cars in the world, with millions of vehicles coming from various countries every year. However, the trends and patterns of car imports have changed over time, reflecting the shifts in consumer preferences, trade policies, and global competition. In this blog post, we will look at some of the key statistics and facts about the U.S. car import market and how it has evolved in recent years.
U.S. Car Imports by Volume and Value
According to the International Trade Administration , the U.S. imported 7.8 million units of motor vehicles in 2019, down from 7.9 million units in 2017. The value of these imports was $179 billion in 2019, down from $192 billion in 2017. The average import price per unit was $22,900 in 2019, up from $21,800 in 2017.
The decline in car imports in 2019 was partly due to the trade tensions between the U.S. and some of its major trading partners, such as China, Mexico, Canada, and the European Union. The U.S. imposed tariffs on steel and aluminum imports from these countries, as well as threatened to impose tariffs on cars and car parts. These measures led to retaliatory tariffs and reduced demand for imported cars in the U.S.
However, in 2020, the U.S. car import market rebounded slightly, despite the impact of the COVID-19 pandemic on the global automotive industry. According to Statista , the U.S. imported 6.5 million units of motor vehicles in 2020, up from 6.3 million units in 2018. The value of these imports was $156 billion in 2020, up from $154 billion in 2018. The average import price per unit was $24,000 in 2020, up from $23,500 in 2018.
The increase in car imports in 2020 was partly due to the recovery of consumer demand in the second half of the year, as well as the implementation of the United States-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA) and eased some of the trade frictions between the three countries.
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U.S. Car Imports by Country of Origin
The U.S. imports cars from various countries around the world, but some of them have a larger share than others. According to Trade Risk Guaranty , the top five countries that exported cars to the U.S. in 2018 were:
- China: $29 billion (15% of total car imports)
- Mexico: $28 billion (15% of total car imports)
- Japan: $27 billion (14% of total car imports)
- Canada: $25 billion (13% of total car imports)
- Germany: $20 billion (10% of total car imports)
These five countries accounted for 67% of total car imports by value in 2018. However, their rankings have changed over time, reflecting the changes in their competitiveness and trade relations with the U.S.
For example, China was the largest exporter of cars to the U.S. in 2018, but its share declined to 11% in 2019 and 9% in 2020, due to the trade war and the pandemic. Mexico was the second-largest exporter of cars to the U.S. in 2018, but its share increased to 16% in 2019 and 18% in 2020, due to its proximity and low-cost advantage. Japan was the third-largest exporter of cars to the U.S. in 2018, but its share remained stable at around 14% from 2018 to 2020, due to its high-quality and innovative products.
The U.S. car import market is a dynamic and complex one, influenced by various factors such as consumer preferences, trade policies, global competition, and economic conditions. The trends and patterns of car imports have changed over time, showing both continuity and change.
The U.S. is likely to remain one of the largest importers of cars in the world for the foreseeable future, but it will also face new challenges and opportunities from emerging markets such as India, Brazil, and Vietnam, as well as new technologies such as electric vehicles, autonomous vehicles, and smart mobility.
https://traderiskguaranty.com/trgpeak/data-trends-united-states-car-imports/import auto usa
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