The government has relaxed restriction on import of reconditioned vehicles and allowed import of automobiles up to six years’ old, amending exiting limit of four years.
The decision will reduce prices of recondition cars and commercial vehicles in Bangladesh market, the automobile dealers’ association hoped.
The government announced the relaxation of reconditioned vehicles imports by a statutory regulatory order Wednesday that amended certain provision of the Import Policy Order 2006-2009.
The relaxed rules will also allow import of used cars from a third country other than the manufacturing country.
‘Following the relaxation, we will now be able to bring older vehicles at cheaper prices,’ said Abdul Hamid Sharif, general secretary of the Bangladesh Reconditioned Vehicles Importers and Dealers Association.
He cited that at present a Toyota Corolla X model car, manufactured in 2004, sells at around Tk 12 lakh in Dhaka, but price of a six years’ old car of the same model would be less than 9 lakh now.
A Toyota KR-42 nine-seated microbus manufactured in 2004 is now priced Tk 10 lakh, but the six year’s old family of that model will cost less than Tk 8 lakh.
A six-year Provox will be available at less than Tk 6 lakh, while a four-year old vehicle of Toyota’s same model now sells at around Tk 8 lakh in Bangladesh, the vehicle dealer said.
Sharif said the relaxed rules would also ease import of reconditioned commercial vehicles as four years’ old commercial vehicles were usually not available for import or such imports were not viable for Bangladesh’s market.
‘Specialised vans, used to carry goods of industries and markets, and buses used to carry students and tourists will be imported now and be available at affordable prices,’ he said.
Imported reconditioned cars share the major portion of sales in Bangladesh automobile market and most of such vehicles are imported from Japan.
In the just-ended fiscal 2007-08, nearly 21,500 vehicles were imported and of them, about 19,000 were reconditioned cars, mostly wanted by upper middle-class buyers.
The BARVIDA leader estimated that imports of cars would cross 25,000 in the current fiscal.
The decision will reduce prices of recondition cars and commercial vehicles in Bangladesh market, the automobile dealers’ association hoped.
The government announced the relaxation of reconditioned vehicles imports by a statutory regulatory order Wednesday that amended certain provision of the Import Policy Order 2006-2009.
The relaxed rules will also allow import of used cars from a third country other than the manufacturing country.
‘Following the relaxation, we will now be able to bring older vehicles at cheaper prices,’ said Abdul Hamid Sharif, general secretary of the Bangladesh Reconditioned Vehicles Importers and Dealers Association.
He cited that at present a Toyota Corolla X model car, manufactured in 2004, sells at around Tk 12 lakh in Dhaka, but price of a six years’ old car of the same model would be less than 9 lakh now.
A Toyota KR-42 nine-seated microbus manufactured in 2004 is now priced Tk 10 lakh, but the six year’s old family of that model will cost less than Tk 8 lakh.
A six-year Provox will be available at less than Tk 6 lakh, while a four-year old vehicle of Toyota’s same model now sells at around Tk 8 lakh in Bangladesh, the vehicle dealer said.
Sharif said the relaxed rules would also ease import of reconditioned commercial vehicles as four years’ old commercial vehicles were usually not available for import or such imports were not viable for Bangladesh’s market.
‘Specialised vans, used to carry goods of industries and markets, and buses used to carry students and tourists will be imported now and be available at affordable prices,’ he said.
Imported reconditioned cars share the major portion of sales in Bangladesh automobile market and most of such vehicles are imported from Japan.
In the just-ended fiscal 2007-08, nearly 21,500 vehicles were imported and of them, about 19,000 were reconditioned cars, mostly wanted by upper middle-class buyers.
The BARVIDA leader estimated that imports of cars would cross 25,000 in the current fiscal.
Source: New Age Dated:07-08-2008
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