Demand For Sedans In Nigeria S Used Car Market To Rise In 2024 Says December 12, 2023. nigeria’s used car market will likely see an increase in demand for used sedan cars in 2024, according to a report released by cars45 powered by jiji. giving an outlook for nigeria’s car market in the coming year, maxim makarchuk, coo of cars45 said in the report that consumers now favour sedan vehicles over suvs and mpvs. Increasing demand for used sedan cars: consumers currently favour sedan vehicles over suvs and mpvs due to their more affordable pricing. as of june 2023, top selling used sedan models included.
Nigeria Used Car Market 2024 2030 September 2024 Updated The nigeria used car market size is estimated at usd 1.14 billion in 2024, and is expected to reach usd 1.74 billion by 2029, growing at a cagr of 8.90% during the forecast period (2024 2029). consumers' preference towards availing imported used cars, namely, "tokunbos," the emergence of online auto platforms, and increasing new vehicle prices. Giving an outlook for nigeria’s car market in 2024, maxim makarchuk, coo of cars45, said more nigerians will prefer sedan vehicles over suvs and mpvs because sedans are more affordable in pricing. the rise in petrol pump prices in nigeria is a key factor influencing the higher demand for used sedans, according to a report by mordor intelligence. A new report has found that the used car market in nigeria will continue to thrive as consumers opt for more affordable mobility solutions amid skyrocketing new car prices. the spike in new vehicle prices deters some customers from purchasing brand new vehicles, leading to the surging demand for used cars in nigeria. In 2023, the market grew for the 3rd year in a string. total sales reached 13,304 ( 18.9%) the best out of the last four years. nigerian cars market in 2024 is experiencing double digits losses. sales in september totaled 752 ( 31.8%), posting the 4th negative month in a row. q3 closed with 9,201 registrations ( 4.3%).
Used Car Prices In Nigeria 2024 Buyer S Guide Nigerian Price A new report has found that the used car market in nigeria will continue to thrive as consumers opt for more affordable mobility solutions amid skyrocketing new car prices. the spike in new vehicle prices deters some customers from purchasing brand new vehicles, leading to the surging demand for used cars in nigeria. In 2023, the market grew for the 3rd year in a string. total sales reached 13,304 ( 18.9%) the best out of the last four years. nigerian cars market in 2024 is experiencing double digits losses. sales in september totaled 752 ( 31.8%), posting the 4th negative month in a row. q3 closed with 9,201 registrations ( 4.3%). As of june 2023, top selling used sedan models included the toyota corolla, toyota camry, and honda accord. japanese, south korean, and european sedan cars were particularly popular among nigerian consumers. according to mordor intelligence, the rising price of petrol in nigeria is a key factor influencing the higher demand for used sedans. The market is expected to grow at a significant cagr between 2023 and 2030. the nigeria automotive market, size, share, outlook and growth opportunities 2022 2030 report presents a comprehensive analysis of the country’s automotive market. nigeria passenger car sales outlook and nigeria commercial vehicle demand are forecast during the period.
Nigeria Used Car Market Used Car Market As of june 2023, top selling used sedan models included the toyota corolla, toyota camry, and honda accord. japanese, south korean, and european sedan cars were particularly popular among nigerian consumers. according to mordor intelligence, the rising price of petrol in nigeria is a key factor influencing the higher demand for used sedans. The market is expected to grow at a significant cagr between 2023 and 2030. the nigeria automotive market, size, share, outlook and growth opportunities 2022 2030 report presents a comprehensive analysis of the country’s automotive market. nigeria passenger car sales outlook and nigeria commercial vehicle demand are forecast during the period.
Five Trends That Will Define Nigeria S Auto Industry In 2024
Comments are closed.