- New data has revealed the list of best-selling car brands in the world, which includes electric and petrol-powered vehicles
- The sales were captured from 53 global markets where most of the big car brands have their footprints
- Innoson Motors, a Nigerian indigenous manufacturer, has started a vehicle financing scheme to boost sales
There is growing evidence that the world is shifting its demand from petrol-powered vehicles in the global auto markets.
According to the latest data obtained by JATO Dynamics, an automotive market research company, for the first time, an electric car, Tesla Model Y is at the top of the global sales ranking.
The number of Tesla Model Y units sold in the first quarter of 2023 surpassed the sales recorded by popular petrol-powered brands such as Toyota, Mercedes Benz, and Lexus, among others.
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Breakdown of car model and units sold
The data from JATO Dynamics reveals that in the first quarter of 2023, the Tesla Model Y led the sales charts with 267,200 units sold worldwide, priced at $47,490 (N39.08 million) per unit.
Following closely behind was the Toyota Corolla, which includes sedan, wagon, and hatchback variants, with 256,400 units sold during the same period.
The Toyota Hilux secured the third spot with 214,700 units sold globally.
While the Toyota RAV4 and Toyota Camry completed the top five list with 211,000 units and 166,200 units sold, respectively, within the review period.
Innoson motors vehicle financing
Meanwhile, on the home front, Nigeria’s indigenous car maker, Innoson Motor Vehicle, has introduced a vehicle financing scheme, a move that will help low-income Nigerians own a car.
The automaker hopes that the new strategy in partnership with banks will help boost the bank's sales and usage among Nigerians.
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IVM said on its website:
“You can own a brand new car today and pay later. With the partnership between Innoson Vehicle Manufacturing and Access Bank, through the Auto Finance Plan, you can now own a brand new car from Innoson and pay with ease.“The repayment period is spread out over 36 months (3 years) allowing you the ease to pay the corresponding monthly amount for the particular vehicle you choose.”Man upgrades Mercedes Benz
In other news, a very talented Nigerian man shared a video of a 2016 Mercedes Benz that he upgraded to 2021. He (@juniorifeanyi857) said that upgrading a car is better than getting a new one.
He asked people not to make the mistake of selling their old cars if an upgrade was available for them.
Source: Legit.ng
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