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Tokunbo Vehicle is the local name ascribed to used vehicles imported from Europe in Nigeria. [1] The word 'Tokunbo' is a unisex name given to children of Yoruba heritage born overseas. It literally means 'born overseas' or 'born across the sea'.
Like Volkswagen, PAN began production in 1975 with inputs shipped in bits and pieces from abroad. The equity distribution was Peugeot Citroen (40%), Nigerian government (35%), Kaduna State (10%) and Nigerian Industrial Development Bank (5%). At onset, the cars were priced affordably and it became a popular car among the middle class.
[1] Innoson Vehicle Manufacturing Co. Ltd. (commonly shortened to IVM) is a Nigerian automobile manufacturer headquartered in Nnewi, Anambra, Nigeria. It was founded by Chief Innocent Chukwuma Nwala. [2] [3] [4] Innoson Vehicle Manufacturing is nicknamed Pride Of African Roads.
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.
Autotrader.com, Inc. is an American online marketplace for car buyers and sellers, founded in 1997. It aggregates new, used, and certified second-hand cars from dealers and private sellers. The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance information. [1]
In Kenya in 2016, farmers have reportedly used OLX to sell their produce and livestock, especially chicken and cattle. [25] [26] In late 2016 it launched Tradus as a heavy machinery classifieds site. [27] OLX ceased its operations in Venezuela on September 11, 2018, due to complex political issues and lack of free dealing. [28] [29] [30]
The Izuogu Z-600 prototype was the first indigenous Nigerian car, and the first automobile of indigenous all-African technology. It was the brainchild of engineer Ezekiel Izuogu. [1] Launched in 1997, the car caused a stir in the Nigerian media, and was touted by the then Nigerian chief of Staff General Oladipo Diya.
In October 2020, it was reported that most used American-made vehicles are exported to United Arab Emirates as the top export market, followed by Nigeria, Georgia, Mexico, Jordan, Ukraine, Cambodia and the Dominican Republic. [3] In 2021, American vehicles were also exported to Oman, Guatemala, Lithuania and Germany. [4]