Key Market Indicators
In 2021, Nigerian Vehicle Registration fell by 9.5%, totalling around 6,700 units compared to the 7,450 registered in 2020. This marks a 21.8% decrease since 2010.
Nigeria Automotive Market Data and Forecasts
How much will Nigeria Automotive Market grow?
More in Automotive Industry for 2028Improve your Knowledge with the latest Indicators and Trends
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Automotive Financing: Unveiling Trends and Opportunities in Leasing and Loan Markets
Automotive funding, a crucial sector of the automotive industry, is witnessing a paradigm shift in its operating model driven by changes in customer preferences and technological advancements. Strong growth in new vehicle sales and rising used car prices are fuelling growth in this sector. The primary role of auto leasing...
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Automotive Industry: Comprehensive Insights into New Car Dealers and Vehicle Parts Retailing
The new car dealership segment in the automotive industry continues to demonstrate a growth trajectory. This can be attributed to factors such as a rise in consumer demand driven by an improved economic outlook, low-interest rates, and an expansion in car ownership in emerging markets. Digitalization has redefined traditional sales...
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Auto Repair and Body Shops: Navigating Future Challenges and Opportunities
The vehicle repair industry is poised for significant shifts driven by emergent technologies. Innovations in automotive design, such as electric and autonomous vehicles, are demanding new skills from mechanics and body repair professionals. In conjunction, technologies to streamline shop operations, like digital diagnostics and advanced management software, are increasingly integral...
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Vehicle Rental and Repair: An In-depth Exploration of Industry Dynamics
The vehicle rental and repair industry has made significant strides over the past years, prompted by technological advancements, changing consumer behaviours and evolving business models. The industry is a key pillar to transportation needs in various geographical regions, fulfilling short-term mobility needs. Economy dynamics, especially urbanization and tourism activities, chiefly...
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Insights into the Evolving Caravan, Trailer, and Motor Vehicle Body Manufacturing Sector
Substantial technological advancements and a rising regard for recreational activities are driving the development in the motor vehicle body, caravan and trailer manufacturing sector. Increasingly, consumers opt for these vehicles as a lifestyle choice, valuing their ability to provide comfort, freedom, and connectivity on the road. The growth of this...
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