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Nairaland Forum / Nairaland / General / Car Talk / Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand (9409 Views)
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Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by ogododo: 8:01am On Nov 14, 2023 |
Nigeria’s auto industry has continued to struggle due to low demand and the influx of used cars, despite a $1bn investment, JUSTICE OKAMGBA writes https://punchng.com/local-vehicle-assemblers-struggle-amid-1bn-investment-lament-low-demand/ 5 Likes 4 Shares
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Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by Jestin: 8:20am On Nov 14, 2023 |
Na who eat belefull dey buy brand new car. We shall continue to patronise foreign used cars 😂. FTC 11 Likes 1 Share |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by reiddecuti: 8:21am On Nov 14, 2023 |
Tinubu economy effect. Don't expect any better sooner. 3 Likes |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by swiz123(m): 8:21am On Nov 14, 2023 |
If they are banking on the patronage of Nigerians, then they are not serious. How many Nigerians can afford brand new vehicles? Few Nigerians that can will prefer to buy Tokunbo luxury brands. If your business is not targeted at the many in Nigeria, then you are already doomed to fail. 15 Likes 1 Share |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by iwaeda: 8:22am On Nov 14, 2023 |
ogododo: The rate of car robberies even in secured estates is alarming. It will not abated because APC is taking Nigeria downward and sinking everything. Car makers can't get patronage because spending power reduce daily. ![]() ![]() ![]() ![]() ![]() 4 Likes |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by AntiChristian: 8:22am On Nov 14, 2023 |
Despite all those professors of metallurgy, metallurgical engineers, automobile engineers, etc that abound in Nigeria..... May we get it right! I think we should be able to buy these technology! I was at medic West Africa exhibition in Landmark, VI Lagos sometimes ago and I noticed a Chinese inspect products that looked like a refrigerator for vaccines and the likes. I was fascinated by how he was studying! He later took pictures. I know very soon his company will duplicate that sample! 9 Likes |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by designking: 8:22am On Nov 14, 2023 |
Nigerians can't afford their new cars without auto-credit scheme 8 Likes |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by alphaconde(m): 8:22am On Nov 14, 2023 |
A serious government will even pay subsidy on these cars and make it available to civil servants 16 Likes |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by EDUECO(m): 8:22am On Nov 14, 2023 |
No patriotism and patronage from the the political class!They control like 70 percent of Nigerian wealth. What is wrong in the president, governors and legislators using assembled or made in Nigeria car brands? Nigeria as a country is not ready to become a developed country! 17 Likes |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by chubinwa(m): 8:22am On Nov 14, 2023 |
Corn 🌽 |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by Fearyourcreator: 8:23am On Nov 14, 2023 |
.even those always blaming the government won't patronize when them get the money buy new car .. Nigerians mostly no dey support their own 6 Likes |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by jaxxy(m): 8:23am On Nov 14, 2023 |
Huge investment doesn't automatically translate to success. That's not how businesses works. U want to produce a product locally have to thought about the standards or u want Nigerians to drop their standards to patronise u because u are local a manufacturer? Look at Nigerian music, nobody took it serious until it raised its standards to international standards. Then Nigerians stopped listening or playing foreign music in clubs like b4. Raise ur standards because nobody will patronise nonsense. it is not quick money it will take u time to develop. Hard truth. 13 Likes 2 Shares |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by decision01: 8:23am On Nov 14, 2023 |
The government does not believe in 9ja..That is how pathetic it is. 1 Like |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by Parydelegate: 8:23am On Nov 14, 2023 |
Hmm |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by RepoMan007: 8:24am On Nov 14, 2023 |
Low overall performances |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by Fearyourcreator: 8:24am On Nov 14, 2023 |
alphaconde:.those civil servants thieves abi which one... wey no dey wan work but collect money... na party them go dey punctual enter instead of work with that same car ... 1 Like 1 Share |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by yesloaded: 8:25am On Nov 14, 2023 |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by abhosts(m): 8:26am On Nov 14, 2023 |
I feel for them however, locally assembled cars are quite pricey and not cheap. 5 Likes |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by marlow1962(m): 8:27am On Nov 14, 2023 |
Ok The problem with Nigerians is that we are too greedy even to our own selves. If aba boys/ others can replicate Gucci exactly as the original, then why not do it quality and sell for a reasonable price, (no) they prefer to do it fake and sell it at higher cost. That's why I just dy laugh innoson motors, car brand that boys and even politicians do not buy and yet you still put it at very exorbitant price lol. Look at their Gwagon, what rubbish, Gwagon looking and sounding like it's made from aluminum zink. Do quality product and watch people buy, but greediness no go let us. 5 Likes 1 Share |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by ATEAMS: 8:29am On Nov 14, 2023 |
No money in the county yet .. Switch to gas ready vehicles |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by seunlayi(m): 8:30am On Nov 14, 2023 |
Targeting good sale of cars inside this economy may be wrong, they should target exportation to neighbouring countries orThey better change to rice processing facilities |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by NaijaCrusader: 8:30am On Nov 14, 2023 |
I can transform this industry with very little effort it is not hard to do. I have the silver bullet for this aiking industry and it is an industry that can easily provide over 2million direct employment and millions more indirectly |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by DigitalJobs: 8:31am On Nov 14, 2023 |
jaxxy: On Point. Their Marketing Tactics is Not Charitable. Hence, The Poor Patronage. |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by Brushstrokes20: 8:31am On Nov 14, 2023 |
As expected!😒 When even the crooks within the corridors of power blatantly REFUSED to # BUY and GROW NIG! The self serving THIEVES recently ordered SEVERAL state of the arts bullet proof jeeps with scarce forex and yet preach to citizens to grow the country! Awon ole, jegudu jera gbogbo 💯 5 Likes 1 Share |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by Nobody: 8:33am On Nov 14, 2023 |
ogododo:When you assemble shitty Chinese cars below Chinese standards even. 2 Likes |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by NaMe4: 8:34am On Nov 14, 2023 |
Locally assembled cars in Nigeria are unaffordable to the average income earner. |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by Prolificgiant(m): 8:39am On Nov 14, 2023 |
Is it not when you have eaten that you will think about buying a car |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by Obakoolex(m): 8:44am On Nov 14, 2023 |
Where the money at ![]() |
Re: Local Vehicle Assemblers Struggle Amid $1 Billion Investment, Lament Low Demand by adesegun121(m): 8:47am On Nov 14, 2023 |
Ok |
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