Nigeria’s car market shifts to high-end SUVs as import costs rise — Bassey-Duke 

Nigeria's Car Market Shifts to High-End SUVs

Esu Bassey-Duke, Managing Director and CEO of Stock Motorcars Limited, reveals that high-end SUVs are in high demand in Nigeria.

According to Bassey-Duke, the rising costs of importing older vehicles and growing interest in newer models are driving this trend. At his Ogudu car lot, mid-size to large SUVs are more in demand than sedans.

Bassey-Duke notes that vehicles from 2014 models and newer are mainly bought by middle- and upper-income buyers.

High-end SUVs are currently leading demand in Nigeria, driven by growing interest in newer models and the rising costs of importing older vehicles.

Author's summary: Nigeria's car market favors high-end SUVs due to rising import costs.

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