₦airaland Forum

freshvine:
Majority of us wonder why imported used Japanese cars are exorbitant and inordinately expensive and this quagmire instilled the passion to conduct a research to unravel this situation.

I have read repeatedly on this forum and other fora where contributors argued that the high demand of this Japanese technology is what drives it cost as it corresponds to the law of demand and supply but somehow they're right but not entirely so. Anytime a car of today, Lexus, Honda came up for auction, you see Nigerian dealers diving the brand like a dog on a heat. They try to outdo themselves and before you know it the price of the particular car skyrockets. Here 5 to 10 Nigerian car dealers competing to outdo each other like a bazzar promotion and by the time it gets to Nigeria, we bear the brunt of their insensitivity. They hardly bid for the American cars and other renown brands but Toyota gives them hard ons.

My post may not proffer or address the issue but let it be known that we're architect of our collective misgiving and not neccesarily demand and supply in the larger context hitting the prices of Japanese cars to the rooftops.

I took my survey to popular car auction sites and discovered it's only Nigeria car dealers that make these cars expensive particularly the Toyota brands.

fabienjoe:
Are you suggesting they should stop seeking to buy those Japanese vehicles? As the comment above me stated, it's about the demand at home...they buy what they can sell, the sooner they sell, the better for their business. But since you now realise the prices are artificial, you may want to buy other brands that represent better value and ignore the overpriced Japanese..

freshvine:
My survey is pure academic exercise as I explained but thanks you know the prices for those brands are artificial and not universal interest.

GAZZUZZ:
a lecturer? Any Ekiti origin?

freshvine:
Gazzuz, you don dey enter me I am your best buddy o.