New York – Toyota has retained its title as the world’s most valuable car brand in the annual BrandZ Top 100 Most Valuable Global Brands Study.
It’s the ninth time that Toyota has topped the automotive category in the report’s 12-year history.
Conducted by Millward Brown, the study lists values for the world’s largest corporations taking into account how brands resonate with buyers, and whether they offer the benefit of different and trendsetting products and features.
A total of 10 automotive brands featured on the 2017 global 100 list, with the second and third place positions being awarded to luxury marques. Technology brands dominated the BrandZ 2017 list comprising 54% of total .
Top 10 most-valuable car brands 2017:
1 Toyota – $28.6-billion, 30th in top 100 list
2 BMW – $24.5-bn
3 Mercedes-Benz – $23.5-bn
4 Ford – $13-bn
5 Honda – $12.1-bn
6 Nissan – $11.3-bn
7 Audi $9.3-billion
8 Tesla $5.8-billion
9 Land Rover $5.5-billion
10 Porsche $5.1-billion
Luxury SUVs in SA: Toyota dominates in May
Tesla led the BrandZ Car Top 10 in value increase, rising 32%, followed by Land Rover, the iconic standard of off-road vehicles, with an increase of 17%. Only two other brands rose in value, Porsche by 16%, and Mercedes-Benz by 4%, having outsold BMW for the first time in a decade after BMW’s US sales slowed. Toyota has remained No.1.
The value of the the top 10 stayed flat overall, compared with a 3% decline a year ago, as sales increased globally while margins remained thin.
Insights from the BrandZ 2017 report reflect the growth of experimentation with alternate energy sources and autonomous driving, and further technological integration into vehicle design by manufacturers.
The report additionally pointed out the shifting trend of consumer preference towards SUVs.
Brake fluid is a special hydraulic fluid composed of synthetic additives, corrosion inhibitors and used to operate brake systems. Brake fluid is used in the brake systems of motor vehicles to build pressure when applying brakes. You may need to use a periodic (time based) maintenance schedule or inspection of brake fluid colour and level in the brake fluid reservoir.
When you apply your brakes they use friction to stop the wheels. This process generates a lot of heat. Brake fluid must have a recommended glycol base with special qualities such as a wide temperature range, high boiling point with low volatility, correct viscosity, resistance to corrosion and ageing with good compatibility with sealing components of your brake system.
Did you know that for every 10,000 – 15,000 kilometres an average driver will apply the brake pedal 75,000 times? It is recommended that you renew your car’s brake fluid every 40,000 – 50,000 kilometres. Brake fluid by design tends to attract moisture from the atmosphere through rubber seals and openings. Moisture causes corrosion.
Although brake fluid is designed to withstand corrosion overtime the corrosion inhibitors deteriorate due to age and the intense heat. This will also reduce the boiling point (ability to withstand heat), lower the volatility as well as affect the viscosity (thickness and ability to flow freely).
You should therefore use the age factor to periodically renew your brake fluid. In the absence of a vehicle’s service history carry out a precautionary brake fluid service. In the event that your brake fluid has changed colour to dark brown act even faster to replace it. You can inspect the brake fluid level and colour using the reservoir attached to the brake master cylinder.
USED JAPENESE VEHICLES IN DURBAN – MOZAMBIQUE INFO
This article seeks to clarify certain issues regarding the process of Importing a used Japanese vehicle into Mozambique. Please note that all used Japanese vehicles being imported into Mozambique will be required to undergo an INTERTEK Inspection in Durban. The Inspection can only be done when the customer provides the MOZ number only obtained from Intertek.
Most customers wonder whether it is them or the Dealership from which they buy their vehicles who applies for the Moz number. The fact of the matter is that it is the duty and responsibility of the customer to apply for the Moz number at the Intertek office.
HOW DO I START THE PROCESS OF APPLYING FOR THE MOZ NUMBER?
When you purchase your used Japanese vehicle in Durban, the Dealer will issue you with a Pro forma Invoice. You then contact the Intertek office from where you will complete a PAF (Pre Advice Form), with all the details of the vehicle. Most Pro Forma invoices already contain almost all vehicle information which you will need to complete the PAF.
After completing the PAF, you need to submit it along with the Pro forma invoice to the Intertek office. Submissions may be done in person at the office, or via email or faxing to the Intertek office.
Once processed, Intertek will issue you with a MOZ number which you then need to send to the Dealer from wich you are buying your used Japanese vehicle from.
WHAT IF THERE IS AN ERROR IN MY DOCUMENTS?
In the event that Intertek finds an error that prevents them from completing Inspection Services on your used Japanese vehicle, they will return the documents for correction.
WHAT HAPPENS AFTER YOU GET THE MOZ NUMBER?
Once you apply and receive your Moz number from Intertek, you need to forward to forward it to the dealership from which you bought your vehicle. The Dealership will then Contact Intertek Inspectors in Durban, and book for the Inspection of your used Japanese vehicle in Durban. Once Intertek officials do the Inspection, your vehicle is ready to be transported to Mozambique.
IS PRE-INSPECTION COMPULSORY FOR USED JAPANESE VEHICLES TO MOZA?
Unless the rules and regulations of the government of Mozabique changes, as things stand, Inspection of used Japanese vehicles going to Mozambique is compulsory.
WHAT IS INTERTEK AND WHAT ARE ITS FUNCTIONS?
Intertek government and Trade Services is an organization/department, solely appointed by the Government of Mozambique to carry out pre shipment Inspections on certain imports, used Japanese vehicles Included.
One of the duties of Intertek includes, butis not limited to the physical Inspection of Cargo in the country of Exporter, in this case Durban.
The Inspection covers an assessment of the prices, customs classification of the cargo and the determination of the import duty payable.
HARARE – The cash-strapped Zimbabwean government has increased import duty for second hand vehicles, banned the importation of second hand clothing and scrapped rebates on groceries as part of measures to revive the stagnating economy.
In his mid-term fiscal presentation in Parliament yesterday, Finance minister Patrick Chinamasa revised downwards Zimbabwe’s economic growth rate from 3,1 percent to 1,5 percent due to drought-induced under-performance in agriculture.
In an effort to boost government’s dwindling coffers and reduce the country’s widening trade deficit —currently standing at $1,8 billion in the six months to June 2015 — Chinamasa introduced a raft of measures likely to negatively impact on the livelihoods of the poor.
The Treasury chief said while efforts had been made in the past to mitigate importation of second hand motor vehicles — thereby reducing the current account deficit — second hand vehicles continued to account for a significant chunk of the import bill due to their affordability.
“I, therefore, propose to increase surtax from 25 percent to 35 percent on second hand light passenger motor vehicles aged more than five years from the date of manufacture at the time of importation, with effect from September 1, 2015,” he said.
Before the increase, second hand cars used to attract customs duty and surtax at rates of 40 percent and 25 percent, respectively.
Following the massive company closures and lack of employment opportunities, most Zimbabweans had resorted to buying and selling second-hand clothes to eke out a living, but government believes that used clothing and shoes present a health hazard to the citizens, since the goods may be imported without proper fumigation.
“I, therefore, propose to remove second hand clothing and shoes from the Open General Import Licence.
“Furthermore, any future importation of second hand clothing and shoes will be liable to forfeiture and destruction,” Chinamasa said.
The banning of used clothing —commonly known as mabhero — will be effective from September 1, 2015.
Chinamasa said the measures are aimed at enhancing competitiveness of the local industry, currently facing stiff competition from cheap imports that have flooded the local market.
As part of efforts to cushion retailers from an influx of basic commodities from regional countries, government has moved to remove rebates from imported groceries.
“Cross-border travellers continue to import groceries duty-free under rebate.
“However, there is no justification for continued rampant importation, since locally manufactured products are readily available.
“I, therefore, propose to remove groceries that include maize-meal, meat, sugar and flour, among others, from the travellers’ rebate,” Chinamasa said.
Meanwhile, Zimbabwe has revised its 2015 revenue target from $3,99 billion to $3,6 billion after the country missed its first half revenue target by six percent to $1,78 billion.
Statistics from Treasury indicate that the bulk of the revenue was generated from tax revenue, which, contributed $1,646 billion or 96 percent, while non-tax revenue contributed $71,8 million or four percent of total revenue.
The major contributors to tax revenue were Value Added Tax, 25 percent; Pay As You Earn, 22,5 percent; and Excise Duty, 20,2 percent.
Customs Duty and Corporate Tax contributed 9,4 percent and 9,8 percent, respectively.
Everyone loves a bargain. Who doesn’t? We’ve all seen footages of what some people will put themselves through for Boxing Day Sales; sub-zero temperatures, snow, sleet, rain and wind to queue for umpteen hours through the night so that they are in prime-position for those bargains buys. Some have been even been killed in the stampede precipitated by the bargain-hunting frenzy. In short, we love our bargains, and by bargain, I mean acquiring something for less than their market value.
Most of us will be well-versed in finding great buys for everyday goods, such as clothes, electronics, and groceries, but what about cars – not the ones you see being sold locally, but the others that are being sold online from the other side of the world in Japan? Probably not as much. Read on for some inside information from the industry.
There are hundreds of car exporting companies in Japan, all exporting altogether thousands of vehicles every month to countries around the world. They source their vehicles from online Japanese auction houses where tens of thousands of vehicles are auctioned every day for bidding. They try to outbid the other, and the vehicles are bought by companies that bid the highest. They are then listed on the car exporters’ websites, sold to buyers overseas, shipped, and are then found whizzing around streets near you. So just how do you buy these vehicles at bargain prices?
Let’s start by comparing the Japanese market value of used vehicles with other developed countries’. You will find that Japan’s is remarkably lower, especially compared to Europe and USA. Take a 2005 Toyota Passo for example. One of these with very low mileage in excellent condition can often be sourced from Japanese auction for under $600. Yes – $600! How is it possible that such sought-after machinery can be purchased at that kind of price? The simple answer is, because the Japanese don’t want them. No demand means no value. Any vehicles that are older than 5 – 6 years are seen as “old”, and they are summarily sold to fund their next purchase of new vehicles.
Used vehicles from Japan are also favored for their pristine conditions too. The Japanese take very good care of their vehicles, and they also have to be put their vehicles through industry-leading safety and maintenance tests every few years to keep them on the roads. As such, Japanese used vehicles are cheap, reliable, and generally in very good condition.
How much you pay for a vehicle will obviously depend on various factors, such as manufacture year, brand, mileage, condition, model, among others. A 2005 Harrier will obviously cost much more than a 1998 March. But as mentioned previously, excellent condition 2005 model compacts such as Passo, Demio and March can be purchased at very low FOB (vehicle only) prices of under $1,000, and these will undoubtedly suit those who are working on limited budgets.
Let’s also talk about the timing of your purchase. If you time your purchase right, you can get a fantastic deal and get a bargain in a true sense of the word. All car-exporters purchase their vehicles from the auction with the premise of getting a healthy profit per each vehicle sold. However, their profit margins have diminished steadily over the years due to fierce competition from rival companies and market saturation. The average profit for a sedan-sized vehicle like Corolla is now only $100 to $200. If the vehicles fail to sell within two months or so, they start slashing prices aggressively to force a sale despite the loss. They do this because a) the market price will likely go down even further with time, and b) they incur even more loss in paying for storage.
A vehicle can become difficult to sell when it’s deemed as not-so-desirably by buyers. However, a perfectly good vehicle in very good condition and price might not sell, simply because of bad luck, or it’s not listed on a website that enjoys heavy user-traffic. The vehicle will then go unnoticed until a lucky buyer finds it being sold at a very attractive price. When you see a car exporter trying to sell-off a vehicle at seemingly below market-price, they are quite often making a heavy loss. Nevertheless, they persevere in order to limit further losses in storage and market devaluation.
One important advice to anyone who’s looking to import vehicles – be very selective of which company you buy from. The rapid rise in popularity of importing vehicles from Japan has unfortunately been accompanied by many cases of fraud, where fake “car-exporters” would suddenly go offline once they’ve received the funds from the senders. Some have lost tens of thousands of their precious savings as a result, so please take extreme caution when sending your money. Try to buy from trusted names – if you haven’t heard about them, search the net for their reputation, and try to find others who have purchased from them. A company’s reputation is very important, because there are many less-than-honest exporters out there who will purposefully hide the defects of their vehicles for the sake of profit. You will then go through hell when you eventually receive the vehicle, and be left out of pocket after paying for maintenance and repairs. An honest car-exporter will be fair and transparent with the exact condition of the vehicle before you make your purchase.
There really are great bargains to be found in the used car market, especially for compact hatchbacks as mentioned previously. Search and compare many sites for cheap Japanese used cars and you are bound to strike gold. Stay vigilant, patient, and order your dream car!
Source : https://www.newsday.co.zw/2015/04/14/sponsored-importing-cheap-japanese-used-car/
MUTARE – Mutare-based vehicle assembler, Quest Motors says it will start producing Japanese models in the fourth quarter of this year after signing franchise agreements with the manufacturers.
The company, which is holding a five day vehicle exhibition at its factory that commenced on Monday, said it will start assembling Mitsubishi, Toyota and Suzuki truck and sports utility vehicles (SUV) after reaching agreements with their makers.
Quest operations manager Carl Fernandez told The Source that the shipment of the vehicle units have already been finalised but did not say when the agreements were signed.
The company currently holds the franchise for Chinese makes such as Foton, JMC and Chery as well as the German-made BMW.
“We will be introducing a wide variety of vehicle brands, namely Mitsubishi Triton, Pajero Sport, Toyota Revo, and Suzuki Carry. They will be introduced in the fourth quarter but it might be earlier as everything has been finalised,” said Fernandez.
He added that they are already gearing to set up the jigs used to assemble the top-of the-range vehicles.
The luxurious vehicles come at a time when Quest has already started assembling Q-Buses and Foton Tunland.
It also expects to introduce a low cost Chery QQ, Foton Daimler 3,5 tonne up to 30 tonne and tippers by end of July in addition to the 8-tonne dropside body and 3,5 tonne trucks that are already being assembled at the plant.
“The idea here is to try to diversify and give as much variety to our local market as possible,” said Quest director Tarik Adam.
Adam said the assembling plant has capacity to build 10 different models per day.
“We have the space, capacity and skills. What we just need is market commitment especially from government,” he said.
In March this year, the company said it had secured multi-million dollar contracts to assemble and supply a wide-range of vehicles to the government which helped revive its operations.
Are Japanese Cars Cheaper In Japan Than In Durban?
Well, almost each and every customer weighs up options when making buying decisions, be it of furniture or used cars from Japan. When it comes to used Japanese vehicles usually people consider either buying from Durban, Musina or straight from Japan. The only source of reliable information for them to make informed decisions is surfing the internet.. However for most customers, over the internet, they rarely get enough information for them to make informed decisions. They only get prices of the various vehicles they may need to buy. More often than not, the prices look cheaper in Japan hence most people end up buying over the internet, thinking that they are saving money. But do they really save money? Are used Japanese vehicles cheaper in Japan than in Durban? Well, lets find out below.
From my own personal experience, and from the experiences of others who have bought from Japan, there isn’t much of a difference. In fact most customers who have bought from Japan have come to the realization that they were better off buying in either Durban or Mussina and not Japan.
Besides the time it usually takes [minimum 4 weeks],for a car to be shipped from Japan, it is also a matter of buying a car versus a picture. If you are buying online, on any website, you are buying a picture, an image, a photograph, nothing more nothing less. There is no guarantee that the image you are buying represents the vehicle you will receive. There is no way whatsoever through which you can check whether the vehicle is in good or bad condition. You are simply relying on the seller’s word. After all, it is very difficult, if not impossible to reverse any kind of financial transactions done over the internet.
On the other hand ,in Durban, with more than 20 dealerships to choose from, you are bound to come across a wide variety of vehicles. You can have the vehicle opened, started, leave the engine running and depending on the dealer from which you buy,you may as well test drive the vehicle around the yard before you pay your money.
Besides, most customers look online and see a vehicle going say for $600.They call us in Durban and we tell them that the same vehicle is going for $1800 negotiable. What do they do, they rush to buy on the internet thinking that they have hit a jack port only to have a rude awakening a few weeks later, when they discover that they have to pay R9500,which is around $1200 once or before the vehicle has arrived in Durban. Depending on where they buy, some customers are even charged an extra $800 on top of the 600,1200 which now makes the car cost almost $2600.If you save any kind of money after buying your vehicle in Japan rather than Durban, i bet, you will never save a maximum of 400 dollars. Usually you end up paying more than what you could have paid in Durban.
|Make and Model of Vehicle||Durban Price||Japan Price to Tanzania||Overview|
|Nissan March 2000/2||+/-$1600 to $1800||600+1200+300 = $2100||Durban Is Cheaper.|
|Honda Fit 2000/2||+/-$1700 to $1900||$700+1200+300 = $2200||Durban is cheaper|
|Golf 5 Fsi 2005/6||+/-3000 to $3500||+/-3200 all in all total||Its more or less the same|
|Hyundai Tucson 2005||+/-$4000||+/-7500 dollars.||Its way cheaper in Durban|
|Mazda Demio 2005||+/-1800||+/-2200||Its Cheaper in Durban|
|Nissan Caravan 2004/6||+/-$4000 to $4500||$4000 excluding clearance fees||Durban is cheaper|
|Nissan Serena 2000/2||+/-$1600 to $1800||+/-$2200||Cheaper In Durban|
|Mazda Axela 2005||+/-$2600 to $3200||+/-$2800 dollars||Its almost the same|
|Mazda Bongo Truck 2002/4||+/-$3200 to $3500||+/-3200 to $+/-3500||Same same|
|Toyota Hiace Quantum flat roof 2006/8||+/-$7500||+/-$7500||Its all the same|
|Nissan Elgrand petrol 2000/2||+/-1800 to 2200||+/-2200||It could be cheaper in Durban|
|Mazda MPV old shape||+/-1800 to 2200||+/-1800 to 2000 dollars||almost the same|
For more articles read our blog at http://japanesecarsdurban.blogspot.com
Zimra hikes import duty on second-hand vehicles
Zimbabwe will experience a hike in prices of second-hand motor vehicle imports following the effective adoption of a new duty regime starting this month.Government gazetted the reviewed rates under statutory instrument number 148 of 2014 after Finance minister Patrick Chinamasa indicated that second-hand vehicle imports contributed 10 percent of the country’s estimated $4 million import bill in the first half of this year.
The increase in duty, with effect from November 1, has seen passenger motor vehicles with an engine capacity of up to1 500cc go up from 20 percent to 40 percent while double cabs’ duty is from 40 percent to 60 percent.Duty for single cabs and panel vans of a payload exceeding 800kg but not exceeding 1 400kg has gone up from 20 to 40 percent.
This means would-be vehicle owners will bear the brunt of paying more duty as government is capitalising on every revenue head to boost its almost empty coffers.Apart from boosting revenue for the cash-strapped government, the latest duty increase is likely to deal a major blow to most people who aspire to own a car but cannot afford to buy new locally assembled cars.However, Zimbabwe Revenue Authority’s (Zimra) commissioner-general Gershem Pasi said the hike in import duty for imported vehicles was a way of discouraging old vehicles from coming into the country.”Most of them are very cheap in terms of buying them, but the moment they come in they are no spares for these cars anymore. You find that if the vehicle is more than 10 years there are additional surtaxes put on that,” he said in a televised interview.He added that the imposition of more duty was also part of efforts to resuscitate the local motor assembling industry.Zimra announced that overall duty paid is calculated using Value for Duty Purposes which encompasses cost, insurance and freight value plus other incidental charges and expenses incurred in the purchase of the vehicle and its subsequent transportation up to the first port of entry.
The other charges added on the VDP include port handling charges, storage charges and other special handling fees.The charges that are levied are customs duty, surtax and Value Added Tax (VAT).Surtax is only charged on passenger type motor vehicles that are more than five years old at the time of importation.For example, a 2005 sedan with an engine capacity of 1 495cc and valued at $4 000 will now attract total duty of $4 472, according to the duty schedule released by the tax collector.The total payable to Zimra will be customs duty of $2 090, surtax of $1 300 and Value Added Tax of $1 092.A 2001 sedan with an engine capacity of 1 800cc with a value of $5 000 will now attract total duty of $5 074 –
Zimbabweans have been buying used cars from mainly Japan, a situation that worried authorities as more foreign currency was leaving the country for consumptive purposes.
However, the local car assembly industry is in a comatose state while the vehicles produced are priced beyond the reach of many.
Read more @ http://bulawayo24.com/index-id-news-sc-national-byo-57064.html