According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars improved by 4.29% year-on-year (y-o-y) to 11,909 cars by April 2016. This was triggered by the 3.33% yearly increase in the number of newly registered passenger cars to 11,099 and the 19.47% rise in newly registered commercial vehicles to 810.
Japanese cars were the most demanded cars in Lebanon in the first 4 months of 2016, grasping a 37.30% share of total passenger cars. Also, Korean cars were second in the ranking with a market share of 34.70% by April 2016, while European cars maintained their third rank with a market share of 21.89%.
However and in terms of brands, Kia kept on holding the largest share of newly registered passenger cars (20.09%), followed by a 14.42% stake for Hyundai. Toyota and Nissan came next in the ranking, as Toyota grasped 14.04% of newly registered passenger cars, while Nissan held 9.91%.
In terms of sales per importer, Natco acquired the biggest bulk of registered cars with 20.09% of the total, followed by BUMC (14.88%), Century Motor Co. (13.70%) and Rasamny-Younis Motor (11.13%).
Breakdown of Passenger and Commercial Cars by April