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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]
Yet customers have shown increased interest in affordable cars, ... Although the Ford Maverick has seen its base price rise by around $6000 since 2022, it still starts under $30K and saw its sales ...
For example, the average used price of the Toyota Highlander increased by 24.6% to $36,311!” He continued, “Looking deeper at really cheap possibilities, especially those under $10,000 ...
Jumia's share price sank more than 50% in one week after the report was published. [74] Citigroup, one of Jumia’s IPO underwriters, released a report debunking most of Citron’s allegations but noted that, “Jumia could do more to provide disclosure on some aspects of its operations, as a matter of transparency and best practice.” [ 75 ...
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.
On 20 May 2022, Innoson presented its first "Keke". 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.
While that’s still true today — especially as brands like Tesla market electric vehicles (EVs) like the Tesla Model S starting in the six-figure range — the price gap between gas cars and ...
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