During 2016, the United States exported 512,487 vehicles in containers. The volume was down just 1% compared to 2015. Whether new or used, classic or vintage; nearly any type of vehicle you can think of gets loaded into a container and shipped overseas.
Europe is the largest growing market for US cars. A 25% increase in volume has shown that despite a strong US dollar, importers in Germany, Netherlands, Belgium, France and Sweden purchased more US cars. The UK is the only European country that has seen a fall in imports, and that is due to the uncertainty surrounding Brexit.
Booming demand is driven in large part by classic cars and new US manufactured vehicles. As values on classics continue to level out in the US, Europe- ans are seeing more incentive to buy classics here. Old American muscle cars, pickups, classic German and English sports cars are popular.
However over in the land down under, Australia saw a dip in car imports. Despite their love of American classics and muscle cars, Aussie car importers
face hefty import duties and registration fees. Many expect this to change, as the government looks to lower duties in the near future.
Cars exports to New Zealand on the other hand have grown by a modest 5% in 2016. It’s a market that’s about half the size of Australia’s.
The Americas has now overtaken the Middle East as the biggest destination for US cars. Americas includes South America, Central America, and the Caribbean. The growing demand for new cars in Guatemala, Honduras, Costa Rica, and El Salvador ensured the top spot on the import charts.
On the other side of the world, exports to the Middle East have dropped as a result of economic uncertain- ties surrounding falling oil prices. Iraq and Oman were just two of the growing destinations in the Middle East. An influx of used cars were responsible for the uptick.
Asia didn’t do much better. China’s dramatic 43% drop in car imports was attributed to a weak demand for new cars, along with stronger demand for locally produced cars.
Whichever direction the global automotive market takes us, me and my team are there to provide the optimal logistics solutions for your business.
Operations Manager at West Coast Shipping