According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars fell 4.10% year- on- year (y-o-y) to 33,311 cars by October 2016. In details, the number of registered commercial cars increased by 12.79% y-o-y to 2,170, while the number of registered passenger vehicles dropped 5.09% to reach 31,141 cars during the first ten months of the year.
Japanese model cars grasped the largest market share in total passenger cars, with a share of 37.20% by October 2016, followed by Korean cars, with a market share of 36.45%, and European cars with 20.49% of the total market share. Moreover, only American cars observed an increase in their sales with a rise of 12.09% y-o-y, while European, Japanese, and Korean cars’ sales slid 4.35% and 8.66%, and 4.60%, respectively.
In terms of car brands, Kia maintained its top rank, with the largest share of 19.76% of newly registered passenger cars, followed by Hyundai, Toyota and Nissan with respective shares of 14.84%, 13.49%, and 9.57%.
As for sales per importer, Natco acquired the largest stake of newly registered cars with 18.40% of the total, followed by Century Motor Co. with 14.07%, BUMC and RYMCO with 13.81% and 11.82%, respectively.
Breakdown of Passenger and Commercial Cars by October
Source: AIA