Number of Registered Cars Progressed by 2.15% Up To October

According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 10 months of 2015 increased by 2.15% year-on-year (y-o-y) to 34,734 cars which might be in line with the overlying factor that oil prices are on a bearish trend. In fact, in the month of October alone, the number of total newly registered cares surged by 12.56% from October of last year.

Worth mentioning, newly registered passenger cars grasped 94.46% of total registration whilst newly registered commercial cars constituted the remaining 5.54%. With that in mind, the slight progression on the sum of both came about from the yearly 2.27% increase in newly passenger registered cars to 32,811 by October, while commercial ones ticked up by 0.31% annually to 1,924.

Notably, there was a change in the market share of car importing-countries, due to the average 15% y-o-y depreciation of both the Japanese Yen and the Euro against the US dollar to Euro/Dollar 1.1552 and Dollar/Yen 120.15, respectively by End-October. For instance, Japanese cars were the most demanded cars in Lebanon in the first 10 months, with their share improving from 34.98% in 2014, to 39.93% this year. Meanwhile Korean cars lost their hold on the number one spot, going down from 39.83% to 32.95% in 2015. European cars maintained their third rank, however with a higher market share of 20.69%, compared to 18.75% in 2014.

Looking at the car brand breakdown, Kia held the largest share of 18.19% of the total, followed by 15.78% for Toyota. Furthermore, Hyundai and Nissan respectively grasped shares of 14.66% and 12.14%.

In terms of sales per importer, NATCO SAL (imports Korean manufactured Kia) maintained its holding as top performer, grasping an 18.149% share, while BUMC (imports Japanese made Toyota and Lexus) and Century Motor Co (imports Korean produced Hyundai) captured 16.21% and 14.66% of the market, respectively.

Breakdown of Passenger and Commercial Cars by October

Number of Registered Cars Progressed by 2.15% Up To October

Source: AIA

 

 

 

 

 

 

 

 

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