Bnaira new car

You're looking for information on the new car market in Nigeria!

Here are some key points to consider:

  1. Market trends: The Nigerian car market is growing rapidly, driven by increasing disposable income, urbanization, and a growing middle class.
  2. Popular brands: Toyota, Honda, and Hyundai are among the most popular car brands in Nigeria, followed by local brands like Innoson and Geely.
  3. New car prices: The prices of new cars in Nigeria vary widely, depending on the brand, model, and features. On average, a new car can cost between ₦5 million to ₦50 million (approximately $13,000 to $130,000 USD).
  4. Used car market: The used car market is also thriving in Nigeria, with many people opting for pre-owned vehicles due to their lower prices and lower maintenance costs.
  5. Import regulations: The Nigerian government has implemented regulations to control the importation of cars, including a 35% duty on new cars and a 10% duty on used cars.
  6. Local assembly: Many car manufacturers have set up local assembly plants in Nigeria to reduce costs and increase availability of vehicles.
  7. Financing options: There are several financing options available for car buyers in Nigeria, including bank loans, leasing, and hire-purchase agreements.

Some popular new car models in Nigeria include:

  1. Toyota Corolla
  2. Honda Civic
  3. Hyundai Elantra
  4. Innoson iVM
  5. Geely Emgrand
  6. Nissan Altima
  7. Ford Focus
  8. Volkswagen Golf
  9. Kia Rio
  10. Suzuki Celerio

When buying a new car in Nigeria, it's essential to research the market, compare prices, and consider factors like fuel efficiency, maintenance costs, and safety features.

I hope this information helps!