Registered New Cars Recorded a 4.55% Yearly Increase in 2014

According to the Association of Car Importers in Lebanon (AIA), there was a 4.55% year-on-year (y-o-y) increase in the number of registered new passenger and commercial cars to 40,135 cars. This was due to the 4.73% y-o-y surge in the registration of new passenger vehicles to 37,816 and in the number of registered commercial cars by 1.80% y-o-y to 2,319.

90% of the registered cars are small cars with selling prices less than $15,000, while luxury cars, with selling price above $100,000, represent only 3.5%.

Looking at the car sales brand breakdown, Kia topped the list with a 22.10% share of the total, followed by Hyundai (18.86%), Toyota (12.87%), Nissan (12.61%) and Renault (3.47%). As for the top five distributors in Lebanon by December, NATCO SAL had the highest share of 20.80% of the total, followed by Century Motor Co (18.13%), BUMC (13.08%), RYMCO (13.25%), and Bassoul Heneine (7.41%).

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