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Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey - Autos - Nairaland

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Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by rawglobalnewss: 8:33am On Nov 02, 2015
A survey conducted by Nigeria’s online vehicle marketplace, Carmudi.com has shown that Nigeria is the most expensive country to buy a car when compared to its neighbouring West African countries. The study which focused on the used car model manufactured between 2008 and 2013 provided insights into the price difference across some of the surveyed countries in West Africa.

According to the study, Nigeria is the most expensive country to buy a car in Western Africa, with an average price of $19,547 dollars which is about N3.9 million while that of Senegal and Ghana are about $18,923 and $17,654 respectively. From the studies, Nigeria, Senegal and Ghana rank the top three in most expensive countries to buy a car.

The study noted that in 2013, Nigeria imported more than 500, 000 unit of cars, 75 per cent of which were used cars. Although the number of used cars imported in 2014 and 2015 reduced, Nigerians surveyed in the study agreed it was because of the increase in custom tariff rather than availability of locally manufactured cars.

The study however revealed that despite being the most expensive country to buy a used car in West Africa, Nigeria still has a high demand for cars. It noted that even though the middle class has grown three times larger in the last decade and a half, very few brand new cars have been purchased.

Carmudi pointed out that one of the difficulties Nigerians experience in the purchase of brand new cars is the lack of vehicle financing options as finance institutions give car loans with very high interest rates.

Speaking on the findings, Managing Director of Carmudi Nigeria, Amy Muoneke called for affordable loan options to aid people who wish to own locally manufactured cars.

She said: “Aside from car pricing, the actual car purchasing experience can also be improved by new car browsing and sales platforms. Websites and mobile apps like Carmudi enable buyers to access a wider range of vehicles available in their home country and make educated choices on their purchases. With such presence we see not only more activity throughout Africa, but also buyers being able to look for the best deal and easily compare prices.”



http://www.vanguardngr.com/2015/11/nigeria-is-most-expensive-country-to-buy-car-in-west-africa-survey/

2 Likes

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by PapaNnamdi: 8:34am On Nov 02, 2015
[size=40pt]ladipo boys [/size] grin

8 Likes 2 Shares

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by Starships4u(m): 8:37am On Nov 02, 2015
I no fit click that link

1 Like

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by Nobody: 8:43am On Nov 02, 2015
PMB should consolidate on the new automotive policy initiated by the past administration and stop all these blame games, witch hunting. dnt he has watch and calender? Somebody should wake him up. That automotive policy is a good initiative.

15 Likes 1 Share

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by divinehand2003(m): 8:50am On Nov 02, 2015
75% Of imported cars is tokunbo, Naija where are we headed?

8 Likes 1 Share

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by Adesiji77: 12:05pm On Nov 02, 2015
This is not "palatable" at all...what is it about Nigeria that makes life so difficult?

Another Source of the News http://www.vanguardngr.com/2015/11/nigeria-is-most-expensive-country-to-buy-car-in-west-africa-survey/

Cc: lalasticlala, dominique

1 Like

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by CR77(f): 3:09pm On Nov 02, 2015
Blame Buhari 4 it embarassed
Adesiji77:
This is not "palatable" at all...what is it about Nigeria that makes life so difficult?

Another Source of the News http://www.vanguardngr.com/2015/11/nigeria-is-most-expensive-country-to-buy-car-in-west-africa-survey/

Cc: lalasticlala, dominique

5 Likes 1 Share

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by walanter(m): 3:10pm On Nov 02, 2015
Balance equations
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by trigar12(m): 3:10pm On Nov 02, 2015
chukingchuks:
PMB should consolidate on the new automotive policy initiated by the past administration and stop all these blame games, witch hunting. dnt he has watch and calender? Somebody should wake him up. That automotive policy is a good initiative.

5 Likes

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by grayht(m): 3:10pm On Nov 02, 2015
[size=50pt]Jona oooooooooooo [/size]

2 Likes

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by grayht(m): 3:10pm On Nov 02, 2015
PapaNnamdi:
[size=40pt]ladipo boys [/size] grin
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by Osirimononaye(m): 3:10pm On Nov 02, 2015
Some Fools Will Blame GEJ

8 Likes 2 Shares

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by devigblegble: 3:10pm On Nov 02, 2015
Orishirishi all na packaging joor

2 Likes

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by johnwizey: 3:11pm On Nov 02, 2015
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by malton: 3:12pm On Nov 02, 2015
cry... not only cars, even common sense, which is especially true for a majority of the ruling class. Imagine a nation where, despite being a large economy with so much prosperity, it's leaders still can't transform that into an economic success. I wonder if those people even sleep, let alone dream about charting us out towards a course.

3 Likes

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by teemanbastos(m): 3:13pm On Nov 02, 2015
Nigerians d best hustlers
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by sageLawson(m): 3:13pm On Nov 02, 2015
it's true my dears ...
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by AdaNri1(f): 3:14pm On Nov 02, 2015
Why won't it be, when customs officials will collect half the price of that car as bribe and the police another half. Not mentioning road safety who have no business inspecting your car.

3 Likes

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by tobtap: 3:14pm On Nov 02, 2015
ba wahala
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by MadCow1: 3:14pm On Nov 02, 2015
You collect Loan from Nigerian bank take buy "Locally Manufactured Car".. grin



I hope say na Peugeot o!!

1 Like

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by tboy4ril(m): 3:14pm On Nov 02, 2015
Ok
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by omaniblog(m): 3:14pm On Nov 02, 2015
wao
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by tuoyoojo(m): 3:15pm On Nov 02, 2015
ok

its sad that moto wen oyibo don tire to use dem go ship am give us, we go come talk say na clean sharp moto

we dey allergic to brand new

well, we hope the govt wud intervene so dat one day, we go get moto wen na we go tear the "leather" commot with our hand

3 Likes

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by VickyRotex(f): 3:15pm On Nov 02, 2015
I'm not surprised!
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by deebsman1(m): 3:16pm On Nov 02, 2015
.
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by CertifiedFreak(m): 3:16pm On Nov 02, 2015
No news
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by kulobyno: 3:16pm On Nov 02, 2015
Everything is expensive in this country apart from sex

5 Likes

Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by MzMessiTohBadt(f): 3:16pm On Nov 02, 2015
undecided
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by Daniel058(m): 3:16pm On Nov 02, 2015
should we move out of our country so we can buy cars at cheaper price??







MBANU!!


I AM A NIGERIAN., they Ghanaians, senegalese etc.
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by babfet(m): 3:17pm On Nov 02, 2015
Noted
Re: Nigeria Is Most Expensive Country To Buy Car In West Africa – Survey by confamgist237: 3:17pm On Nov 02, 2015
grin grin

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