‘20,000 units of new vehicles sold last year’
According to industry sources, the sales figure represents a significant increase from the previous year, when only 9,800 new vehicles were sold. The growth is attributed to various factors, including the government's efforts to stimulate economic growth, improved consumer confidence, and the introduction of new models by automotive manufacturers.
The Nigerian Automotive Council (NAC) has welcomed the development, stating that it is a testament to the industry's resilience and potential for growth. "We are pleased to see the industry bouncing back from the challenges it faced in recent years," said a spokesperson for the NAC. "We will continue to work with stakeholders to create an enabling environment for the industry to thrive."
The growth in new vehicle sales is also expected to have a positive impact on the economy, with the potential to create jobs and stimulate economic activity. "The automotive industry is a significant contributor to the economy, and the growth in new vehicle sales is a positive sign for the country," said an economist.
The 20,000 units of new vehicles sold last year comprise a mix of passenger cars, commercial vehicles, and heavy-duty trucks. The top-selling models include popular brands such as Toyota, Honda, and Ford.
As the industry continues to grow, stakeholders are optimistic about the future prospects of the Nigerian automotive industry. With the government's support and the introduction of new models, the industry is expected to continue to thrive and contribute to the country's economic growth.
https://guardian.ng/features/executive-motoring/20000-units-of-new-vehicles-sold-last-year/