Lebanese Cars Market in August was hit by another large sales drop (-43.7%) with 2.508 units sold. Toyota contained the losses, declining just 10.3% with almost 40% of share, while large drops were registered by Nissan and Kia. The best Top 10 performer was Lexus, booming 94.3%.
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.