Lebanese Cars Market, after starting the new year with an awful trend, reported a huge sales drop, as restrictive measures were imposed in Country in order to slow down the spread of the virus. Indeed, registrations collapsed by 64.6% in March at 1.261, ending the Q1 at 3.755 (-55.5%).
Lebanese Cars Market in 2019 registered the second consecutive double-digit drop, falling at the lowest volume of the entire decade. Indeed, Full-year sales in 2019 were 31.997 (-17.6%). Toyota reached 33.7% of share, while Lexus landed in 8th place.
Lebanese Cars Market fell down 18% in the 2018 after the sharp increase of the previous year, closing with registrations at 39.074. Toyota was again the market leader, while Nissan - up 36.8% - gained the second position, ahead of Kia.
Lebanon Cars Market in 2017 was almost positive fueled by strong demand on light commercial vehicles, albeit the country is again inside a full of risks politic crisis, after Prime Minister Hariri resignation. The market is dominated by Koreans.
Lebanon vehicles market in 2015 fell 25% following the incredible performance scored in the previous year. The market is mirroring the country difficulties, two years without a President, and weak internal consumption.
In 2014 Lebanon Cars Market hit the all-time record, first time above 40.000 units fueled by a strong Toyota attack to the Hyundai-Kia leadership. Kia Picanto was market leader ahead of Nissan Sunny.