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What A Cool High Profit Business Idea I Just Discovered by FlippersCare123(m): 1:15am 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: What A Cool High Profit Business Idea I Just Discovered by FlippersCare123(m): 1:16am 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 - 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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