According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars added 1.36% year-on-year (y-o-y) to 15,300 cars by May 2016. This growth was prompted by the 0.30% yearly increase in the number of newly registered passenger cars to 14,264 and the 18.81% surge in newly registered commercial vehicles to 1,036.
Japanese cars were the most demanded cars in Lebanon in the first 4 months of 2016, grasping a 36.48% share of total passenger cars. Korean cars followed, with a market share of 35.41% by May 2016, while European cars maintained their third rank with a market share of 21.40%.
In terms of brands, Kia grasped the largest share of newly registered passenger cars (19.52%), followed by a 15.75% stake for Hyundai. Toyota and Nissan came next, with a 13.38% share for Toyota, while Nissan held 10.31%.
In terms of sales per importer, Natco acquired the biggest stake of newly registered cars with 18.20% of the total, followed by BUMC (14.21%), Century Motor Co. (14.95%) and Rasamny-Younis Motor (11.50%).
Breakdown of Passenger and Commercial Cars by May
Source: AIA