According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars marginally fell 0.04% year- on- year (y-o-y) to 27,355 cars by August 2016. In details, the number of registered commercial cars increased by 21.48% y-o-y to 1,793, while the number of registered passenger vehicles dropped 1.27% to reach 25,562 cars during the first eight months of the year.
Japanese model cars grasped the largest market share in total passenger cars, with a share of 37.67% by August 2016, followed by Korean cars, with a market share of 35.07%, and European cars with 20.18% of the total market share. Moreover, both American and Korean cars observed an increase in their sales with respective growths of 10.62% and 0.31% y-o-y, while European and Japanese cars’ sales slid 3.17% and 3.34%, respectively.
In terms of car brands, Kia maintained its top rank, with the largest share of 19.78% of newly registered passenger cars, followed by Hyundai, Toyota and Nissan with respective shares of 15.13%, 13.70%, and 10.09%.
As for sales per importer, Natco acquired the largest stake of newly registered cars with 18.48% of the total, followed by Century Motor Co. with 14.40%, BUMC and RYMCO with 14.35% and 12.02%, respectively.
Breakdown of Passenger and Commercial Cars by August
Source: AIA