Almost 100,000 Vehicles were imported in the First 9 Months of 2012

Nigerians imported 96,629 vehicles between January and September of 2012, the Nigerian Automobile Manufacturers Association said in its latest statistics.

A breakdown of the figures showed that 22,192 of the vehicles were new and 74,437 vehicles were used ones.

Of the new vehicles, there was, however, a drop of 65.7 per cent compared with 36,773 new vehicles imported within the same period last year.

But last year’s figure of new vehicles was 40.8 per cent higher than the previous year’s, which stood at 26,113 vehicles as at September 2010.

Cars got the highest figure of new vehicle imports with 11,992 vehicles, followed by buses/vans with 5,443 vehicles; the sport utility vehicles had 1,093 vehicles and pickups got 635 vehicles. Read More

The Managing Director, National Truck Manufacturers, Mr. Ibrahim Bayero, had earlier said the increase in the operation of local automobile companies and the patronage of their products could also bring down the number of vehicle imports this year.

This figure is whooping!
And we say there is no money in the country,or is it that its little portion of the masses that are buying this cars?