Nigeria

Nigeria's Auto market in 2021 gains 35.6% with 10,443 sales, reporting a double-digit drop only in Q1 and large growth the resto of the year. Mitsubishi reports the best performance on the leaderboard, gaining 60.4%.

Nigeria Vehicles Market rose 11% in the 2014 standing below observers expectations despite the start of the new Automotive National Plan. Chinese carmakers are growing fast while the leader Toyota's sales fell down.

Nigeria Auto Market 2016 hit by the deepest economic crisis of the last 25 years and fell down at the lowest level in last 10 years. Over 30 licences released to locally produced are parked for better times. Toyota shining.

Nigerian Cars Market in the 2018 approached a recovery after to have collapsed from 57k to 11k in the previous three years. Supported by middle and upper class demand, new vehicles sales grew up at 17.529 units (+71.3%). Toyota is market leader with a total vehicles market share above 23%.

The Nigerian auto market in 2020 falls by 36.1% as the pandemic,  lockdowns, and fall in oil prices affect sales. Full-Year sales have been 7.451, while the leader Toyota halves its sales (-49.9%) and loses 5.1% market share.

Nigeria New Vehicles collapsed in the 2017 losing two-third of 2016 volume and landing at 11.000 - including HCVs - almost one fifth of 2014 record. The market is in an embarrassing chaos, with huge cost for import and no room for local production.