According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars fell by a yearly 2.75% to 11,581 cars by April 2017. This was triggered by the 4.01% yearly drop in the number of newly registered passenger cars to 10,654 and the 14.59% rise in newly registered commercial vehicles to 926.
Japanese cars were the most demanded cars in Lebanon in the first 4 months of 2017, grasping a 34.82% share of total passenger cars. Also, Korean cars were second in the ranking with a market share of 34.02% by April 2017, while European cars maintained their third rank with a market share of 21.96%.
However and in terms of brands, Kia kept on holding the largest share of newly registered passenger cars (20.51%), followed by a 10.68% stake for Hyundai. Toyota and Nissan came next in the ranking, as Toyota grasped 10.63% of newly registered passenger cars, while Nissan held 8.38%.
In terms of sales per importer, Natco acquired the biggest bulk of registered cars with 20.51% of the total, followed by BUMC (12.23%), Rasamny-Younis Motor (12.12%) and Century Motor Co. (11.04%).
Breakdown of Passenger and Commercial Cars by April
Source: AIA