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Since 2019, Jiji has been operating in five African countries: Nigeria, Kenya, Ghana, Uganda, and Tanzania after buying OLX Africa. [citation needed] In 2020, the company launched website and app in Ethiopia. In June 2021, Jiji has acquired an automotive company Cars45 in Nigeria, Kenya, and Ghana. [13] [14]
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.
In April 2019, online classifieds marketplace Jiji.ng acquired OLX businesses in Kenya, Ghana, Uganda, Tanzania and Nigeria. [32] In India, about 99% of its listings come from used mobile and electronics, used home and household goods, and used cars & bikes. [33] In December 2020, OLX Launched OLX Autos in India. [34]
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...
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.
Rising inflation and high interest rates sparked an increase in sales of low-priced cars last year. The Chevy Trax, which starts at just $21,495, racked up 200,689 sales, making it the brand's ...
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 ]
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 ...
