Friday, 17 October 2014

Nigerian Imports

Imports of small, inexpensive new cars from India and China have increased in several African countries in recent years, mainly in South Africa. But in Nigeria these companies are only starting to enter the market. China's Chery Automobile Co. has five showrooms in Nigeria, and China's Geely Automobile Holdings Ltd. 0175.HK +1.12%  and India's Tata Motors Ltd. TTM -0.39%  also have begun selling cars here. Nigerian used-car dealers say they expect new cars from China to be serious competition within five years but that used cars from the U.S. still dominate the market.

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