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Nairaland Forum / Nairaland / General / Investment / Invest In My Auto Business Idea Or Let's Work Together (178 Views)
Anyone Interested In Auto Business?( Buying Of Auction Cars From The US) / Please I Need Sponsorer For My Business (auto Business) / Get Upto $5,000 = N1,900,000 For Your Idea Or Business (2) (3) (4)
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Invest In My Auto Business Idea Or Let's Work Together by FlippersCare123(m): 1:07am On Apr 20, 2022 |
Nigeria is one of the world’s largest car importing
countries importing between 300,000 to 400,000
vehicles per annum. For a country with a
population of over 200 million and the current
number of cars in circulation at between 2.9
million and 3.2 million cars, the number of cars
available to Nigerians is one car for every 86
persons which is grossly inadequate because
South Africa has a car per capita of 1 for every 6
persons whereas Egypt has 1 for every 12 persons.
They growth in car sales every year is between 6
and 15% per annum. Of all imported cars being
sold in the market, second hand cars (Tokunbo)
make up more than 90% (since most cars are
imported and the naira is weak, brand new cars
don’t come cheap) of them whereas brand new
cars (tear rubber) make up the remaining 8 to
10%. Market data Description Imported Cars per annum Over 300,000 in 2021 Main importing countries USA (over 30%), Germany, rest of EU, Cotonou and Togo Yearly growth in car imports Between 6 to 15% Av. price of fairly used cars Tokunbo (1.2 million +), Nigerian used (500,000 and above) Per capita car usage 1 for every 86 Nigerians Purpose Commercial use (55%), private use (45%) Market size More than 144 billion naira imported in 2021 |
Re: Invest In My Auto Business Idea Or Let's Work Together by FlippersCare123(m): 1:09am On Apr 20, 2022 |
There is a huge market for car sales in Nigeria as
Nigerians buy cars every year for different reasons.
Nigeria is a very large country by population and it
has a sizeable middle class population - |
Re: Invest In My Auto Business Idea Or Let's Work Together by FlippersCare123(m): 1:12am On Apr 20, 2022 |
dm for me further information regarding this business idea. and not to forget I'm a professional panel beater , mostly deal with imported and accident car and I have a lot of experience in the business from clearing it at the Port to towing it and so on . call my number or Whatsapp me 09073027735 |
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