Nigeria's Shift to High-End SUVs
According to Esu Bassey-Duke, Managing Director and CEO of Stock Motorcars Limited, the Nigerian car market is experiencing a shift towards high-end SUVs due to rising import costs.
High-end SUVs are currently leading demand in Nigeria, driven by growing interest in newer models and the rising costs of importing older vehicles.
Bassey-Duke noted that at his Ogudu car lot, mid-size to large SUVs, such as the Mercedes GLE, Toyota Highlander, and Lexus LX, are more in demand compared to sedans. He added that vehicles from 2014 models and newer are mainly bought by middle- and upper-income buyers.
- Mercedes GLE
- Toyota Highlander
- Toyota RAV4
- Lexus LX
- Hyundai Tucson
- Mazda SUVs
Author's summary: Nigeria's car market favors high-end SUVs.