Total Number of Registered New Cars down by 9.74% y-o-y by November 2018

According to the Association of Lebanese Car Importers (AIA), the total number of newly registered commercial and passenger cars continues to witness retreat as it shrunk by an annual 9.74% to stand at 32,907 by November 2018. This was triggered by the 9.45% yearly drop in the number of newly registered passenger cars to 30,785 and the 13.81% drop in the newly registered commercial vehicles to 2,122 by November 2018.

In terms of car brands, Kia grasped the largest share of 15.47% of newly registered passenger cars, followed by Hyundai and Toyota with shares of 13.03% and 12.73% respectively and Nissan with and 12.04 % of the total.

In terms of sales per importer, RYMCO acquired the biggest share of the total newly registered cars with 15.44%, followed by NATCO (14.52%), BUMC (13.04%) and Century Motor Co (12.47%).

In the Month of November, the total number of newly registered commercial and passenger cars decreased by 17.47% comparing to the same period last year.

 Breakdown of Passenger and Commercial Cars by November 2018

Total Number of Registered New Cars down by 9.74% y-o-y by November 2018

Source: AIA

 

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