Posted 12/7/2023, 2:13:58 PM
Used Car Sales Boom in Nigeria as High Prices Push Buyers to Affordable Tokunbos
- Demand for used cars in Nigeria is rising as high inflation and economic struggles make new vehicles unaffordable
- Tokunbo (used imported) cars are surging in popularity thanks to greater affordability and reliability
- Online auto platforms like Cars45 and Carmart making used car buying easier with more information and price comparisons
- Used sedan vehicles remain the most popular type of used car purchased in Nigeria
- Prices of used Tokunbo cars have risen almost 100% in past 2 years, but still more affordable than new cars