According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars dropped 5.42% year- on- year (y-o-y) to 35,976 cars by November 2016. In details, the number of registered commercial cars grew by 11.62% y-o-y to 2,363, while the number of registered passenger vehicles fell 6.43% to reach 33,613 cars by November 2016.
Japanese model cars constituted the largest market share in total passenger cars, with a share of 37% by November 2016, followed by Korean cars, with a market share of 34.47%, and European cars with 20.74% of the total market share. Moreover, American and Chinese cars observed an increase in their sales with a rise y-o-y of 13.70% and 5.74%, respectively, while European, Japanese, and Korean cars’ sales dropped 5.34% and 10.25%, and 6.41%, respectively.
In terms of car brands, Kia maintained its the largest share of 19.76% of newly registered passenger cars, followed by Hyundai, Toyota and Nissan with respective shares of 14.55%, 13.22%, and 9.57%.
As for sales per importer, Natco acquired the largest stake of newly registered cars with 18.46% of the total, followed by Century Motor Co. with 13.87%, BUMC and RYMCO with 13.67% and 11.99%, respectively.
Breakdown of Passenger and Commercial Cars by November
Source: AIA