User 269999

Auto Stocks: Value Investments Gone Wrong?

Japan protects the home market by making it difficult for foriegn brands to sell there--their dealers cannot sell dual brands and import restrictions are cumbersome. Also, the Japanese vehicle license fees and registration taxes go up with the age of vehicles--making it beneficial to buy new (support the market) and the used products are sold offshore to New Zealand and The Philippines among others which has ruined the automotive industry in those countries--New Zealand has no auto assemblers now compared to all the majors 10 years ago.