Survey has shown that cars are more expensive in Nigeria compared to what is obtainable in other West African countries.
According to a market survey conducted by Carmudi.com, an online vehicle marketplace, a car in Nigeria goes with an average price of $19,547 dollars which is about N3.9 million while in Senegal and Ghana, they are about $18,923 and $17,654 respectively.
The survey also showed the price difference of used car model manufactured between 2008 and 2013 across West African countries.
In 2013, Nigeria was estimated to have imported more than 500, 000 unit of cars, 75 per cent of which were used cars.
In reaction to the survey, Amy Muoneke, managing director of Carmudi Nigeria, said aside car pricing, the actual car purchasing experience can also be improved by new car browsing and sales platforms.
‘‘Websites and mobile apps like Carmudi enable buyers to access a wider range of vehicles available in their home country and make educated choices on their purchases. With such presence we see not only more activity throughout Africa, but also buyers being able to look for the best deal and easily compare prices,” he said.
Despite the fact that cars are more expensive in Nigeria, Carmudi concluded that the demand for cars is quite high.
Like every other business owner in Nigeria, car dealers often complain about the cost of doing business in the country. This has run many out of business while the those who chose to remain in the terrain do so at a high price.
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