Used value cars in Japan has been declining for the second month in a row amid increased restrictions on exports to Russia. This is reported by TASS with reference to the Japanese company USS, which is engaged in auctions in this market.
According to the company, the average price of used car auctions in August amounted to just over 1 million yen (about $6.8 thousand), which by 6.9% less than last year.
The local press, the agency notes, believes that prices will continue to decline. As an argument, the entry into force on August 9 of additional restrictions on exports to Russia is given. So, now it is forbidden to supply hybrid cars and cars with an engine capacity of more than 1.9 liters from Japan to the Russian Federation.