Number of Registered Cars Dropped 7.86% by February

According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 2 months of 2015 dropped 7.86% year-on-year (y-o-y) to 4,889 cars.

This was triggered by the 7.16% yearly decline in the number of newly registered private cars to 4,577. Worth mentioning, there was a change in the popularity of cars based on their country of origin, due to the decline in oil prices. For instance, Japanese cars were the most demanded cars in Lebanon in the first 2 months, with their share increasing from 32.96% in 2014, to 39.02% in 2015. Meanwhile Korean cars lost some of their Lebanese market share, going down from 41.81% to 30.48% in 2015. European cars maintained their rank, however with a higher market share of 24.62%, compared to 19.01% in 2014.  

Likewise, the number of commercial cars decreased 16.76% to 313 cars by February 2015.

Looking at the car brand breakdown, Kia held the largest share of 17.46% in the total of newly registered passenger cars, followed by 15.62% for Toyota. Nissan and Hyundai switched rankings, as Hyundai grasped 13% of newly registered passenger cars, while Nissan held 11.82%.

In terms of sales per importer, Natco acquired the biggest bulk, with a 16.34%, followed by BUMC (15.52%), Century Motors (12.46%) and RymCo (12.35%).

Breakdown of Passenger and Commercial Cars by February

Number of Registered Cars Dropped 7.86% by February

Source: AIA

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