Nigeria's Car Market Shifts to High-End SUVs
According to Esu Bassey-Duke, Managing Director and CEO of Stock Motorcars Limited, the demand for high-end SUVs is on the rise in Nigeria.
This shift is driven by growing interest in newer models and increasing import costs for older vehicles,
high-end SUVs are currently leading demand in Nigeria.
Popular Models
- Mercedes GLE
- Toyota Highlander
- Toyota RAV4
- Lexus LX
- Hyundai Tucson
- Mazda SUVs
Bassey-Duke notes that vehicles from 2014 models and newer are mainly purchased by middle- and upper-income buyers, with mid-size to large SUVs being more in demand than sedans.
Author's summary: Nigeria's car market favors high-end SUVs due to rising import costs.