Car imports drop in 2017

Car imports drop in 2017
Published: 16 March 2018
Zimbabwe's second hand car imports dropped by 10 percent to around 35 000 in 2017 due to biting cash shortages and increased customs duty.

In 2016, Zimbabweans imported 42 000 second-hand cars. But the increase in customs duty to 150 percent around August last year, from 96 percent, as Government intensified efforts to stem the country's import bill.

In the first half of last year, $180 million worth of second-hand cars were imported into the country. The figure was $70 million less than the $250 million spent in the same period in 2016.

According to documents from the country's tax collector, the Zimbabwe Revenue Authority (Zimra), the importation of second-hand cars has been "precipitously going down due to a number of factors which include the increase in customs duty and foreign currency constraints".
- Business Weekly
Tags: Car,


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