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It literally means 'born overseas' or 'born across the sea'. In Nigeria, the Tokunbo market signifies the place where different kinds of used items such as electronics, cars, and domestic goods are sold. [2] These products are popular among the lower-middle class who cannot afford new cars often called Tear Rubber [3] [4]
Automotive industry in Nigeria dates back to the 1950s and consists of the production of passenger cars and commercial trucks. [2] Early production was led by the assembly line of Bedford TJ trucks made by United Africa Company 's subsidiary, Federated Motors Industries and SCOA's production of Peugeot 404 pickup trucks .
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Kekes are three-wheeled motor vehicles and the main means of transport in Nigeria. They have so far been imported from the Far East and usually cost about 800,000 Naira or 1,600 Euros. Innoson announced a selling price of 500,000 Naira or 1,000 Euros.
In 1979, when the government of Nigeria placed a ban on the importation of completely built motorcycles, the Boulos' profile enhanced, causing the firm to become the leading motorcycle seller in the country. [1] In 1975, the firm acquired land at the Ogba Industrial estate, beginning the process of manufacturing complete Suzuki motorcycles.
Nigeria is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north. As of 2015 Nigeria has the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's ...
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The National Independent Automobile Dealers Association was founded in 1946, and serves as the representative body for over 38,000 used vehicle dealers in the United States. It is the only national level non-profit organization representing the independent motor vehicle industry. It is headquartered in Arlington, Texas. [1]
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