Jamaica's used car dealers are bracing for a sharp decline in sales this year.
The Jamaica Used Car Dealers Association says this is due to unresolved issues with the pre-shipment inspection regime for imported reconditioned vehicles.
The Association last month complained that its members were kept in the dark on the details of the regime, and that this is causing problems.
The problem still exists, claims Lynvale Hamilton, president of the Association, telling RJR News that “it will be having a negative impact on sales, seeing that we will have to be chasing higher quality cars, and the higher the demand for the cars, the higher the prices.”
Accordingly, he argued, there is likely to be “a significant reduction” in sales if there is no change in the new regime.
Under the regime, which took effect on February 1, the Government employed the services of a company in Japan, which will examine all used vehicles before they are shipped to Jamaica.
The stated aim is protect buyers from discrepancies in vehicles model year and odometer.
However, the Jamaica Used Car Dealers Association says it is yet to get answers to a number of questions including the high cost of inspecting the vehicles and whether the importation of vehicles from other countries not listed in the regime will be affected.