₦airaland Forum

The Nigerian used car market prices is going down due to low patronage. Cars that average cost 4.5m now sell for less than 4m, no one is still buying. Its sad, the economy has really taken a heavy hit, Nigerians are on survival mode and have no money to buy cars.

This is not a political post oh,I am just a simple car guy

Be like say Baba above don wan answer my prayer...make I arrange 1m down to buy my 4matic

Due to Low Patronage?

I am not surprised one bit since those middle men at the Nairaland Auto Section are deliberately overinflating the prices of their “Accidented” or “Flooded” or “Stolen” vehicles just to paint the Tinubu Administration in bad light while blaming their greed & covetousness on the Foreign Exchange rates that has been stable for a while now.

If you’re bored and wants to see how greedy & Godless some people can be, just check out the profiles of “Hubcruzzz” and “Largemanautoss” on Nairaland and you will almost weep for them.

These guys seem to think they love money more than the rest of us. If these cars are clean titles, I wouldn’t mind, but SALVAGED vehicles that they got for next to nothing? If they do not blame it on the Dollar rates, they will blame on Customs.

2107 Lexus RX350 F-Sport that others are selling for 35 Million, these guys are selling it for 85 Million.

What about ML350?

I have been telling them that those cars will rot in their parking lots.

They think they are doing Tinubu.

Nothing is going down abeg! I see no difference in the prices of cars

baconline:
This is not a political post oh,I am just a simple car guy

Thank you, for speaking up

Na wah oooo,una dey try sha

Going down what?

Let me know

Honestly, I have also noticed this

For where?

Please location??we are coming

You mean overinflated car prices using bad govt tarriff policies as excuse 😏

baconline:
The Nigerian used car market prices is going down due to low patronage. Cars that average cost 4.5m now sell for less than 4m, no one is still buying. Its sad, the economy has really taken a heavy hit, Nigerians are on survival mode and have no money to buy cars.

Where is this place that the price of cars is going down abeg tell me.

Na person wey don chop dey buy car

Bayo onanuga will not notice the worsening economy. He is baited on OBI.

Are you sure car prices are going down?

Na who get funds dey buy cars. Dealers who recently bought used cars for resale are crying everywhere on my status. Even imports too. They are making losses.

Street is not smiling.

baconline:
The Nigerian used car market prices is going down due to low patronage. Cars that average cost 4.5m now sell for less than 4m, no one is still buying. Its sad, the economy has really taken a heavy hit, Nigerians are on survival mode and have no money to buy cars.

Na liabilty many of them dey buy ..
My first car was in 1999 Mercedes benz Tokunboh ...
It was good I didn't spend too much on maintenance.. Today na mechanics go kee you with lies etc ..for those wey dey buy am now.
Thank God for today and tomorrow.

Jayjayconcept:
For where?

Please location??we are coming

Bro na lie o... cars expensive die broski... Nigerian used na about 9milli for 2010 corolla o . Wetin no carry android stereo or modern dash board for eye feel... choo... that guy na APC

Tinubu has destroyed a once prosperous country. Nigerians are broke - people are living on packaging

buy a car that some one has used the hell out of, before you see a good nigeria use its by chance, people rather save up for toks than add extra burden to their life

It won’t go down unless inflation reduces to a sustainable level,cars will only be for the rich as time goes on. Demand will definitely drop but the prices won’t because of inflation and exchange rate.

Sphinx419:
Bro na lie o... cars expensive die broski... Nigerian used na about 9milli for 2010 corolla o . Wetin no carry android stereo or modern dash board for eye feel... choo... that guy na APC

depend on the year na oga

baconline:
This is not a political post oh,I am just a simple car guy

You want it to go up..
Is that not okay
Used car!!!!!

Car price is supposed to come down only after the implementation of the new tariff in the next 2 months or so.

So your going down drastically is from 4.5m to 4m?
No wonder una dy celebrate when them remove 20 naira from petrol and una call am achievement.

baconline:
The Nigerian used car market prices is going down due to low patronage. Cars that average cost 4.5m now sell for less than 4m, no one is still buying. Its sad, the economy has really taken a heavy hit, Nigerians are on survival mode and have no money to buy cars.

The prices are outrageous anyways. Someone will import car let's say total cost 6.5 and he will want to sell for 10m

baconline:
This is not a political post oh,I am just a simple car guy

You want it to go up..
Is that not okay
Used car!!!!!

Saturnalia:
I am not surprised one bit since those middle men that are

We're talking purchasing power of the majority of Nigerians today, you're talking about middlemen

The economy is in tartars. Lets stop deceiving ourselves