Albanian Automotive Industry
The last 20 years in Albania has seen a drastic change in their automobile and transportation industry. This significant and positive change can be credited to the development of road infrastructure, inner-city transport and vast improvements in air city transport. These developments have played a key role in supporting Albania’s economy and uplifting the industry of used cars in Albania.
Since 1991 the automobile market has only gone upwards in Albania and it still is progressing for the good. This sector is arguably the only sector which has not seen a downfall ever since then. Recent years it has reached newer heights. People in Albania now favour buying new cars as well as used cars compared to 20 years ago.
Used Cars For Sale in Albania
It’s been a while now that that Albania has been witnessing the arrival of the big and famous car dealers but the prices they are charging are very expensive in contrast with the neighbouring countries. For instance, a car being sold at 10 thousand Euros, would cost 50% more in Albania.
In this scenario, the used car market tends to thrive and creates competition within. Used cars for sale in Albania are rising and pose a legitimate threat to the market of new cars. The extraordinarily high prices of the brand new cars are one of the many reasons why there is a shift in the demand towards used cars from new cars.
Why Used Cars Are A Better Option
Factors, other than the cost, causing a rise in the used cars in Japan are the minimised depreciation. The right used cars if bought, suffers a very low loss on equity, unlike a brand new car. Driving something which is around 2 years is the most cost-effective way of keeping a car. Another subsequent cost such as insurance cost is also reduced. The newer the car is, the more the cost of insurance. Whereas a used car has a lesser insurance cost. Similar to insurance, the registration can also be avoided. Buying a new car comes with lots of paperwork, in short, the registration. Whereas by purchasing a used car, one can easily avoid the hassle of the paperwork and registration.
Japan has been a major source for importing used cars and they sure have a variety no other used cars exporter can match. This is because they themselves undertake a lot of production so local cars are already there to be offered on sale. Other than that, Japan has also developed an image globally for dealing in used cars and having a satisfied customer base.
Cities of Albania Where Japanese Used Cars Are Popular
- Tirana
- Durrës
- Vlorë
- Elbasan
- Shkodër
- Fier
- Korçë