According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars increased by 3.01% year-on-year (y-o-y) to 19,749 cars by June 2016. This rise in the number of registered cars was mainly due to the 2.20% yearly increase in the number of newly registered passenger cars from 18,047 to 18,444 and the 16.10% growth in newly registered commercial vehicles to 1,305 by June 2016.
In details, Japanese model cars occupied the largest market share of 37.22% in total passenger cars, since the beginning of the year up to June 2016. Korean cars followed, with a market share of 35.62% by June 2016, while European cars ranked third with a market share of 20.43%. Moreover, both European and Korean cars increased their sales with a rise of 4.49% and 2.29% y-o-y, respectively, while Japanese cars’ sales decreased 1.42% from 6,963 by June 2015 to 6,864 by June 2016.
In terms of car brands, Kia attained the largest share of newly registered passenger cars, 19.67%, followed by Hyundai, Toyota and Nissan with respective shares of 15.78%, 13.94%, and 10.17%.
As for sales per importer, Natco obtained the highest share of newly registered cars with 18.37% of the total, followed by Century Motor Co. with 14.99%, BUMC and Rasamny-Younis Motor with 14.62% and 11.56%.
Breakdown of Passenger and Commercial Cars by June
Source: AIA