Average Used Car Purchase Price Falls Below 1 Million Yen in March - Uncertainty Remains for April Onwards Due to Hormuz Blockade / Used Car Purchase Price Trend Report (April 2026 Edition)
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Fabrica Communications announced in a report from its used car appraisal site "Kuruma Erabi Dot Com Kaitori" that the average used car purchase price in March fell to 995,000 yen, dropping below 1 million yen for the first time since last summer. The report predicts continued uncertainty for market recovery from April onwards due to export restrictions to the UAE caused by the Strait of Hormuz blockade.