Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? – Autos

[ad_1]

Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by Trustme2(m): 9:52am
The recent weeks has seen a drastic increase in the exchange rate of Naira to the Dollar which make business quite challenging.

This is moreso that prices of vehicles are determined by Dollar-Naira exchange rate. Within the month of November alone we have seen the Dollar going from N460-N487 as at today.

This is not likely to come down owing to the appraoching festivities in December. The last few months have also seen a maginal increase in the prices of both Tokunbo and Nigerian Used cars and customers no wan hear say price of cars increase, the insult no be here.

So how are you all coping and what strategies do we use to navigate this trying times?

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by GAZZUZZ(m): 11:52am
Car sales .

Since there is no restriction to who can import and sell a car, the market is very diverse.

The actual people who sell cars for a living are having a hard time competing with people who sell cars on the side.

A 2003 Toyota Corolla clean title will land Nigeria at about ₦1,940,000 naira , it will be put up for sale for about ₦2,100,000 and finally sold for about ₦2-2.03m in 1-2weeks

A profit of ₦less than ₦100,000 on an investment of roughly 2m and wait period of about 3months, with associated risk.

Now you have people who have relations outside the country who I would like to call recreational sellers, they do not sell cars for a living, they do not know how much these cars cost, all they do is wait for Obinna to send a car down, Obinna tells them the last price and they put it up for sale . After 2-3months of not seeing a buyer the price starts to drop out of frustration and finally a car that landed at say ₦1,000,000 would end up being sold for ₦900,000 with thank you cheesy

Cars are now very expensive, cat dealers are not finding it easy and have to source for cheap dollars to stay afloat, the dubious ones have to search for badly salvaged cheap vehicles to make more profit, they also have to cut more corners at the port to shortpay on custom duty to cover up for the shortfall in returns.

So this is the best time to really pay attention to vehicle info before paying for it.
https://www.nairaland.com/carguide

Run a vin report, check the custom duty, and stop chasing after cheap cars, you are most likely buying trouble .

May God help us in Nigeria.

5 Likes 1 Share

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by ATEAMS: 11:52am

Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth.

7 Likes

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by Sheuns(m): 11:52am

No be only auto dealers this rate dey affect o. Importers generally are feeling the heat. E no easy at all

9 Likes 1 Share

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by CoolAndBright(m): 11:52am
It is well

Get a professional business or company logo done for just 3k only and get all the following files of your logo;

1, High quality 3D logo
2, Transparent background logo for watermark
3, Plain logo for letterhead, business card, Id card etc
4, Pdf copy of your logo.
Call/WhatsApp me via the number on the image below.
The link to my WhatsApp is in my signature.

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by naijadrivablog: 11:52am
Na to look to accidented cars to sell na.

Some will even resort to buying stolen cars from US and Canada.

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by Teewhy2: 11:52am
2010: Toyota Corolla 2003 sales price in nigeria 1.3 million
2020: Toyota Corolla 2003 sales price in nigeria 1.7 million.

same product and manufacturing date more expensive 10 years after( Do they mean the older the more expensive)

8 Likes 2 Shares

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by lekki1444: 11:52am
grin
Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by aminusodiq(m): 11:52am
cheesy see
Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by articlewriter: 11:52am

Innoson cars accepts Naira not dollar. Let us grow our Naira

11 Likes

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by koko3: 11:53am
winkgrin
Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by adonainana: 11:53am
Nigerians are greedy people
Yes dollar has increased but surely the levy import levy on imported cars has been slashed. So how come the effect can’t and won’t be seen by people buying tokunbo cars

Nigerians are greedy people and would exploit any situation. Any price of anything that goes up in Nigeria through chance, luck or pure economics never goes back down when every parameter has been fixed

Tokunbo cars aside, let’s say it cost 1.5million to import a tokunbo Toyota Camry 2009 to Nigeria. And the seller wants to make his own profit and sells for 1.9 million

Please what about used Nigerian cars, how come all of a sudden it is now expensive, like which part of forex deals with Nigerian used cars that has been used on Nigerian roads.

Too much greed in this country and sometimes if you say too much, people would be like if you can’t afford it, shift and same people want corruption to end, sars to end, nepotism to end. Like una never serious yet

Finally this country is a time bomb, imagine sellin a 2006 car for $3,000 (1.4 million )

Imagine a 14 year old car that the Oyimbo manufacturers have even forgotten they made 14 years ago still selling for millions in a third world country that produces nothing of its own and only imports everything to sustain its lifestyle smh

4 Likes

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by chrisifeanyi: 11:53am

No be small thing. I dey pity dem. Please I need foreign used Lexus RX 350 2009. It must be very neat with good title

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by TinubuGoQuench: 11:53am

Gc

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by Timagex(m): 11:53am
It’s just harder here. Lai Muhammad said that our economy is doing very well as compared to other economies. cool. Next level pro Max loading… grin

2 Likes

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by nurex01(m): 11:53am
It’s not easy on our sides. May God help us. Aameen grin
Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by buymyride: 11:53am

1 Like 1 Share

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by atobs4real(m): 11:54am

They have promised to reduce the clearing or vehicles from 35% to 5%. Wait you shall see

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by Flexherbal(m): 11:54am

The recent weeks has seen a drastic increase in the exchange rate of Naira to the Dollar which make business quite challenging.

Na all businesses we dey deal on important dey suffer am ooo

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by fitinwell: 11:54am
WE DO NOT HAVE ACTIVE POLICY MAKERS IN NIGERIA,..

WHAT ARE THE NIGER DELTA MILITANT DOING..?

WE NEED YOU GUYS.,…

OUR ECONOMY IS COMPLETELY GROUNDED.

YET DULLARD CONTINUE TO BORROW LOAN..,

1 Like

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by updatechange(m): 11:54am
kiss
Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by Factfinder1(m): 11:54am

E no go better for Buhari and APC

2 Likes

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by andsboy29: 11:54am
What is really making the Naira weak by the day and the dollar gaining Strength.

God pls give our Leaders Sense.

1 Like

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by HeadShot: 11:55am
The Economy is in complete comatose

It’s a dead country on autopilot..

Hunger everywhere… Fuel hike.. food price hike

Yet Yoruba Muslims chant sai barber

7 Likes 1 Share

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by iamDrRhymes(m): 11:55am

I thought the federal government has reduced import fees for vehicles from 35% to 5%? Just asking please.

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by meobizy(m): 11:55am

I am still employed. Nothing concern me.

1 Like

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by faithfull18(f): 11:56am

This Nigeria, most people will rather be suffering and smiling than voice out.

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by zuraking(m): 11:56am

articlewriter:
Innoson cars accepts Naira not dollar. Let us grow our Naira

he exchanges back to dollar an importer raw materials

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by MemoriesAndMe: 11:57am

articlewriter:
Innoson cars accepts Naira not dollar. Let us grow our Naira

Nigerians prefer cars wey oyinbo don drive before.

2 Likes

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by pointstores(m): 11:58am

Nothing can justify a failed leadership in nigeria

Re: Cars, Auto Dealers & $ Dollar – Naira Exchange Rate: How Are You Coping? by webmaster99(m): 11:58am
for those of us having different health problems,
you can order for the all round healing powers of herbs today and be cured completely.

do call 09032884494
thanks!

(1) (2) (Reply)

Toks 2007 Toyota Rav4 Available For Sale N3m Asking price / Car Tracking Device / Genuine Toyota Spare Parts

Viewing this topic: Nathan2016, KingAbdulazeez, Abimbola94, Dodger8(m), adedayo77, fantasti, Perfectnumber6(m), ford101, chigozienan, AlfaSeltzer(m), maximus4455(m), marzom, djbuobley69(m), whizbee(m), Lovelyboi2022, mastermose(m), kanran1, Aguogba(m), Bmedels26(f), Sterope(f), BIGBANG007(m), Sodiquinone, Gen2mosh, anjilgreat(f), Olicris(m), chloride6, Quim2, Valuedasset(m), Yabsun(m), huzzman, omoadeleye(m), ehix89(m), Shoppas, naphtii(m), maximilano, kunlesulaimon63, zuraking(m), Ekpekus(m), ToyeenP, Babalawoniger, kins89(m), noble71(m), Akfrenzy(m), FunshoMohammed, husu(m), jethro2013(m), kizolo(m), drakeskull(m), Belvador, Fistop, amyuba(f), akin003(m), fatymore(f), bubudeen, echewune10, DORS(m), candlestick, jjcena(m), ONYEKAfra(m), becksdinho, Kenydisharp1985, kbshow100(m), zeemahn(m), shevon, Nnamdi234, mdpeace(m), ROSSYZ(f), Solidarity9490(m), Mariomadiba(m), Nero928(m), Moloso(m), lovedayugo(m), RemiAbdulSamad(m), Dnonny14(m), allanphash7(m), IAmSkinny, Ethan007, Samakinsyomex(m), Africanpride123(m), vivlyviv, tobyemmanuel(m), molybdenum0012, Kunmius(m), gnss(m), Jackson105, twosquare, Besto(m), doffman, okine4real, freshvine(f), BigdaddyPR, Babalakin(m), captainamiedi1, teebay07, Domif, Totleowi(m), SweetCunt97(f), TransAtlanticEx(m), benjanjo1, massalati(m), sud12(m), yomifoster, Kak20, Proffessorr, loadedvibes, AlphaMale04, andinyanga(m), Ugoc3(m), benebaby77, arsenal444(m), shedy03(m), oracle2583, neyobanti(m), ceestar, scantrik, Kak21, harrycoko, Kaybee9033, Burruchaga71(m), Slimdan360(m), Jode1, Neimar, prince4pro2, BIGTinfotech, Ababbio, dvkot(m), GarbaAudu, femijay8271(m), val15, SirAce, professore(m), Selfkontrol, balium(m), DarkShades, mykeni, loyedammy, jojofola, aademola11, Lawsaite, Princeautomobil, bendike, Ebuks(m), Sirventor01(m), Thegreat97, djo120920, BonaMagnate(m), LordCaezar, Holysax29(m), papaa4, TrendyP(m), Mekanus(m), Stephenjosh007, sunylop, TemiGod(f), Jomafuvwe, Risingblue008(m), SaintHilary(m), Bestmanwealthy(m), ipobarethieves, Kwagbewine, mokoh(m), jerry447(m), ATEAMS, obyrich(m), Leemekzy(m), dawnomike(m), Armstrong34(m), blessedaunty, MacMillz(m), ABBA869, Pacom1, virus05(m), ayomide8990(m), Balaking, drlucky17, firefox4th(m), GBTYO, valcorp, awocad14, owunabastard, Dayonsky(m), Ebukajohn9191, Shineon1, Prymestrr(m), HAkorehdeh(m), com1234, Mrtesso, Venom104, Judah95(m), ibisomi(m), Ajems2016, Ballack1(m), Gakinola, StrongmasAuto, Lufthansa, nwaneribotanic, poka7(m), MOLOTOVcockTAIL(m), lastburn(m), bpearl, abrahenre20, Dking63(m), promzy555(m), hkwills(m), Brainlevels, mighty5050(m), RightToReject(m), empete2k5(m), Unstoppable100(m), GAZZUZZ(m), Captain001(m), TheManhattan, lorhema(f), Dickeyrider(f), RealDD, ikay00406(m), crafteeworld, Omotaday(m), chozzy, Truth234(m), Legionx, stagger, Wartsnigeria, Aladino(m), FlorishingJosh, Sonnobax15(m), basupedia, Nostradamus, symbianDON(m), Okuda(m), CrazyGooner(m), SlimCupid(m), bligs, ClearFlair, Johnayoola(m), Naijaland12, corporateDan(m), texas1(m), Felalucky8(m), joelag, topgear(m), ijeshaboy, ivolt, Xzellentgraphic, CelestineNelson and 319 guest(s)

(Go Up)

[ad_2]

Source link

Leave a Reply

Your email address will not be published.