Based on data from Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars slightly rose 0.41% year- on- year (y-o-y) to 23,684 cars by July 2016, where the number of registered commercial cars increased by 18.47% y-o-y to 1,540, while the number of registered passenger vehicles marginally dropped 0.65% to reach 22,144 cars during the first seven months of the year.
In details, Japanese model cars grasped the largest market share in total passenger cars, with a share of 37.42% since the beginning of the year up to July 2016. Korean cars followed, with a market share of 35.35% by July 2016, while European cars occupied 20.23% of the total market share. Moreover, both American and Korean cars witnessed a rise in their sales with respective increases of 15.43% and 0.58% y-o-y, while European and Japanese cars’ sales dropped 1.65% and 3.35%, respectively.
As for car brands, Kia remained in the lead with the largest share of 19.67% of newly registered passenger cars, followed by Hyundai, Toyota and Nissan with respective shares of 15.52%, 13.82%, and 10.26%.
In terms of sales per importer, Natco obtained the largest stake of newly registered cars with 18.39% of the total, followed by Century Motor Co. with 14.76%, BUMC and Rasamny-Younis Motor with 14.37% and 11.83%, respectively.
Breakdown of Passenger and Commercial Cars by July
Source: AIA