Total Number of Registered New Cars Stagnated by October 2017

According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars slightly rose from 33,317 by October 2016 to 33,596 cars by October 2017. In details, the number of registered commercial cars increased by 4.41% y-o-y to 2,272, and the number of registered passenger vehicles rose by 0.59% to reach 31,324 cars during the first ten months of the year.

In terms of car brands, Kia maintained its top rank, with the largest share of 20.46% of newly registered passenger cars, followed by Hyundai, Toyota and Nissan with respective shares of 13.13%, 11.92%, and 8.98%.

As for sales per importer, Natco acquired the largest stake of newly registered cars with 19.09% of the total, followed by RYMCO with 13.86%, Century Motor Co. and BUMC with 12.50% and 12.34%, respectively.

Breakdown of Passenger and Commercial Cars by October

graph

Source: AIA

 

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