Number of Registered Cars Down by 4.82% by February 2017

According to the Association of Lebanese Car Importers (AIA), the number of newly registered commercial and passenger cars deteriorated during the first 2 months of 2017 by 4.82% year-on-year (y-o-y) to 5,317 cars. This was triggered by the 4.27% yearly drop in the number of newly registered passenger cars to 4,982 and the 12.30% fall in newly registered commercial vehicles to 335.

In terms of brands, Kia kept on holding the largest share of the total newly registered cars (18.97%), followed by a 13.25% stake for Toyota. Hyundai came next in the ranking, as it grasped 12.77% of newly registered cars and was followed by Nissan that took 7.93% of the total.

In terms of sales per importer, Natco acquired the biggest bulk with a 18.34% of the total, followed by BUMC (13.26%),  and Century Motors (12.77%).

Breakdown of Passenger and Commercial Cars by February

graph

Source: AIA

 

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