According to the data revealed by “Rasamny Younis Motor sal”, Lebanese car market showed steady improvement by 5.23% YOY by May 2023. In more details, for the period ending May 2023, the cumulative number of sold cars recorded a total of 2,594 compared to 2,465 cars by May 2022.
On a monthly basis, 1,125 cars were sold in the month of May 2023 compared to 763 in May 2022. In more details, during the month of May 2023, cars were distributed as follows: Japanese cars took the share of 38%, European cars accounted for 26%, and Korean Cars grasped 20% of the total. Noting that the leading sellers of vehicles in Lebanon are Toyota, Kia and Hyundai, with number of vehicles sold in the month of May alone reached 219, 132, and 94 respectively, out of 1,125 sold cars.
Growth of Registered Passengers Cars by May 2023
Source: Rasamny Younis Motor sal, BLOMINVEST Bank