Czech Republic: Importing Cars Into the Czech Republic
About this product:
Sales of used car in 2005 made up 52.81% of total car sales what well represents the importance of used car market in the Czech Republic. In 2005, there were 106,688 new personal cars and 119,411 imported used personal cars registered. Sales of new cars declined for 2.43% in 2005 comparing to 2004 while sales of used cars jumped for 20.03% in the same period of time. Vast majority of used cars is imported from EU countries. Import of American cars has been a niche market due to differences in European and American technical requirements and related expanses to comply with European standards. This makes American cars less competitive, however, there is still healthy demand for classic American cars.