If you’ve ever looked at buying a cool used sports car, maybe a Porsche or a Lambo you’ve probably noticed that you’ve struggled to find a lot of options locally. It’s a fairly common problem, someone is looking to buy an old sports car but there aren’t any available for sale. There were always rumors about the cars being sold to Europe, that there were some German guys in Kuwait who pick up used cars for cheap and then export them to Germany where they get sold. It sounded like a myth but a quick look at the Instagram account of AlSarraf Motors, a used car dealer, and you’ll see a lot of his cars do get sold abroad, and mainly to Germany. According to the caption they posted on the picture above, the white Porsche was their 88th Porsche exported. That’s an insane number for one brand, at one used car dealer in a small market like Kuwait.
Last year there was a 2009 Porsche 911 for sale in the blogs classified section for 4,500KD (pictured above), and a few weeks ago I got the following email from the person who bought it:
Hello, I bought your car from Jaap in the Netherlands. I am very happy with it. I have a couple of questions.
1 do you still have the service history and instruction books
2 do you still have 1 key? I received the car with 1 key
Thank you for replying to My message.
So I emailed the guy who originally had the car listed the car for sale and supposedly car sellers in Europe search for cars on popular websites in Kuwait, and then use a local guy to purchase and export the cars where they end up selling it for double or quadruple the amount in Europe. This has caused a problem locally because previously you could buy a used Porsche, Lambo, Ferrari, Maserati, etc.. for a reasonable price, but now because so many are getting exported, it’s causing the prices of the cars to inflate locally due to less being available for sale.
It doesn’t seem like a big deal unless you’re into cars and are looking to pick up an affordable used sports car and realize there aren’t any available. Not sure how this issue can be solved, maybe an export tax? Maybe it isn’t even a problem that needs solving since the cars will most probably have a better life in Europe anyway. It’s an interesting situation.
