According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars registered continued slipping, as it contracted by an incremental 0.53% year-on-year (y-o-y) to stand at 23,559 cars by July 2017. The decline in the number of registered cars was mainly attributed to the 1.16% yearly drop in the number of newly registered passenger cars to 21,888 and the 8.51% growth in newly registered commercial vehicles which totaled 1,671 by July 2017.
In details, Japanese cars were the most demanded cars in Lebanon by July 2017, grasping a 37.34% share of total passenger cars. Also, Korean cars were second in the ranking with a market share of 33.74%, while European cars maintained their third rank with a market share of 17.29% in the same period.
In terms of car brands, Kia attained the largest share of newly registered passenger cars of 21.92%, followed by Hyundai, Toyota and Nissan with respective shares of 11.73%, 11.22%, and 7.13%.
As for sales per importer, NATCO obtained the highest share of newly registered cars with 19.84% of the total, followed by Rasamny Younis Motor Co. (RYMCO) with 13.51%, BUMC with 12.47%, and Century Motor Co. with 12.2%.
Breakdown of Passenger and Commercial Cars by July