Nigerian Cars Market collapsed in the 2017 losing two-third of 2016 volume and landing at 11.000 - including HCVs - almost one fifth of 2014 record. The market is in an embarrassing chaos, with huge cost for import and no room for local production.
Nigeria Automotive Industry outlook in short-term is still negative while a recovery is expected from 2018 up to the 2022, when sales are projected at 67.000 units. The market just fell down hit by economic recession
Nigeria Auto Market 2016 hit by the deepest economic crisis of the last 25 years and fell down at the lowest level in last 10 years. Over 30 licences released to locally produced are parked for better times. Toyota shining.
Nigeria Vehicle Market 2012-2015 Insights research provides facts, data and forecast on this market with all data by OEM, Brand, Model and segment. From the 2004 up to the 2015 All About within 80 pages and 120 charts.
Nigeria Vehicles Market in 2015 fell down hit by weak economy, social turmoil and low oil price. Despite the 66% fall of imported new vehicles, the start of several local assembly locations sustained vehicles demand.
Nigeria new cars market slow in the first half 2015 hit by the sharp fall of oil price in the international market while the new government has taken five months to start operating. Toyota led the market ahead of Koreans while over 30 OEMs required licence to produce.
Nigeria Vehicles Market rose 11% in the 2014 standing below observers expectations despite the start of the new Automotive National Plan. Chinese carmakers are growing fast while the leader Toyota's sales fell down.