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In June 2021, Jiji has acquired an automotive company Cars45 in Nigeria, Kenya, and Ghana. [13] [14] In February 2022, Jiji acquired its competitor Tonaton in Ghana [citation needed] and launched websites in Senegal and Côte d'Ivoire. There is also a separate corporate website dedicated to the main achievements and mission of this brand.
As of 2024, there were just 11.4 million used cars 6 years old or newer available to buy at dealerships — a drop in 4.1 million from the 15.5 million used cars available in 2022.
While the prices of new cars continue to soar, used cars are actually becoming more affordable. Over the past year, used cars have become 5.8% more affordable on average as prices fell and median...
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 ]
A well-known foreign car manufacturer in Kaduna was Peugeot Automobiles Nigeria (PAN). However, in April 2022, Aliko Dangote took over Peugeot its shares [22] and the company name was changed to DPAN. Under the new management PAN/DPAN will mainly assemble Chinese brands Chery and Higer using pre-produced parts.
Hyundai Elantra. Another option Lin recommended was the 2011-2016 Hyundai Elantra. He said the Elantra is “a budget-friendly car, costing between $6,000-$8,000, with a good fuel economy and a ...
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.
Car ownership is rapidly evolving, as new and innovative vehicles hit the automotive market. Millennials are around the age where they are purchasing their first or second vehicles. 4 Most ...