Total Number of Registered New Cars Barely Changed by August 2016

According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars marginally fell 0.04% year- on- year (y-o-y) to 27,355 cars by August 2016. In details, the number of registered commercial cars increased by 21.48% y-o-y to 1,793, while the number of registered passenger vehicles dropped 1.27% to reach 25,562 cars during the first eight months of the year.

Japanese model cars grasped the largest market share in total passenger cars, with a share of 37.67% by August 2016, followed by Korean cars, with a market share of 35.07%, and European cars with 20.18% of the total market share. Moreover, both American and Korean cars observed an increase in their sales with respective growths of 10.62% and 0.31% y-o-y, while European and Japanese cars’ sales slid 3.17% and 3.34%, respectively.

In terms of car brands, Kia maintained its top rank, with the largest share of 19.78% of newly registered passenger cars,  followed by Hyundai, Toyota and Nissan with respective shares of 15.13%, 13.70%, and 10.09%.

As for sales per importer, Natco acquired the largest stake of newly registered cars with 18.48% of the total, followed by Century Motor Co. with 14.40%, BUMC and RYMCO with 14.35% and 12.02%, respectively.

Breakdown of Passenger and Commercial Cars by August

Total Number of Registered New Cars Barely Changed by August 2016

Source: AIA

 

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