Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The second-hand car market in Africa is becoming increasingly significant due to globalization and economic growth, with China being a major exporter of second-hand cars to Africa, enhancing local automotive industries and providing consumers with more options [1][2]. Summary by Sections 1. Overall Situation of China's Second-Hand Car Export Market - China's second-hand car export began in 2019, with significant growth observed since then. By March 2024, the export was fully liberalized [7]. - From April 2019 to 2023, China exported a total of 367,000 second-hand cars worth approximately $8.74 billion. In 2023 alone, exports reached 274,534 vehicles valued at $6.88 billion, marking a substantial increase from previous years [8][9]. 2. Statistics on China's Exports of Second-Hand Cars to Africa (January to September 2024) - Exports of second-hand cars with engine capacities over 1000cc but not exceeding 1500cc totaled approximately $15.7 billion, with Egypt and South Africa being the top importers [12]. - For cars with engine capacities over 1500cc but not exceeding 3000cc, exports amounted to about $14.61 billion, with South Africa leading in import value [16]. 3. Export Statistics of Major Automotive Parts to Africa (January to September 2024) - Exports of lubricants (excluding biodiesel) totaled approximately $0.823 billion, with Liberia being the largest importer [23]. - Exports of spark plugs for internal combustion engines reached about $2.308 million, with Nigeria as the top importer [26]. - Exports of engine parts (excluding spark ignition) were valued at approximately $2.1 million, with Liberia again being the largest market [30]. - Exports of rubber tires amounted to about $0.17 billion, with South Africa being the leading importer [34]. - Exports of brake friction pads totaled approximately $0.927 million, with Nigeria being the top importer [37].