According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars fell by 21.90% year- on- year (y-o-y) to 3,966 cars by February 2019. In details, the number of registered commercial cars dropped by 33.23% y-o-y, from 334 by February 2018 to 223 by February 2019.Following the same trend, the number of registered passenger vehicles went down by 21.10% to reach 3,743 during the same period.
In terms of car brands, Kia maintained its top rank, with the largest share of 14.11% of newly registered passenger cars, Nissan came in the 2nd position with 13.44% of the total, followed by Toyota and Hyundai with shares of 11.27% and 8.01% respectively.
As for sales per importer, RYMCO acquired the largest stake of newly registered cars with 17.07% of the total, followed by Natco with 13.31%, BUMC and Century Motors with 11.93% and 7.67%, respectively.
Breakdown of Passenger and Commercial Cars by February