Total Number of Registered New Cars down by 26.10% in January 2019

According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars fell by 26.10 % year- on- year (y-o-y) to 1,948 cars in January 2019. In details, the number of registered commercial cars dropped by 24.49% y-o-y, from 147 in Jan 2018 to 111 in Jan 2019. Following the same trend, the number of registered passenger vehicles went down by 26.20% to reach 1,837 in January 2019.

In terms of car brands, Kia maintained its top rank, with the largest share of 13.45% of newly registered passenger cars, Nissan came in the second position with 12.63% of total shares, followed by Toyota and Hyundai with shares of 11.59% and 7.24% respectively.

As for sales per importer, RYMCO acquired the largest stake of newly registered cars with 16.89% of the total, followed by Natco with 12.68%, BUMC and Century Motors with 12.37% and 6.98%, respectively.

Breakdown of Passenger and Commercial Cars by January

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Source: AIA

 

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