Number of New Cars Increased by 9.09% y-o-y

According to the Association of Car Importers in Lebanon (AIA), there was a 9.09% year-on-year (y-o-y) increase in the number of registered new passenger and commercial cars, reaching 34,002 vehicles by October, compared to the same period last year. This was due to the 7.94% y-o-y surge in the registration of new passenger vehicles to 32,084 in the first ten months of the year. Likewise, the number of registered commercial cars inched up by 1.27% y-o-y to 1,918. Looking at the car sales brand breakdown, Kia topped the list with a 22.59% share of the total, followed by Hyundai (19.19%), Toyota (12.91%), Nissan (12.44%) and Renault (3.46%). As for the top five distributors in Lebanon by October, NATCO SAL had the highest share of 21.31% of the total, followed by Century Motor Co (18.49%), BUMC (13.09%), RYMCO (13.03%), and Bassoul Heneine (7.20%).

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