Top 15 Car Dealers in Lagos Nigeria

Lagos, Nigeria, has a vibrant and thriving auto industry. From the luxury segment to budget vehicles, potential car owners have a wide variety of options to explore. Here’s the top car dealers in Lagos, bringing wheels of dreams to reality:

Top 15 Car Dealers in Lagos Nigeria are:

1. Affordable Cars Ltd:

This dealership prides itself on offering a wide range of affordable vehicles, from sedans to SUVs and more.

2. Lanre Shittu Motors:

Known for their selection of both new and used cars, Lanre Shittu Motors has been a trusted name in the Lagos automobile market.NYSC Portal

3. A. O. Demarg Nigeria Ltd:

This is a well-known dealership offering a variety of high-quality cars and has a reputation for excellent customer service.

4. Elizade Nigeria Limited:

Recognized as an authorized distributor of Toyota cars in Nigeria, Elizade is a respected dealership in Lagos.

5. Metropolitan Motors Limited:

Known for dealing with multiple brands, Metropolitan Motors is one of the preferred choices for many car buyers in Lagos.

6. BriscoeFord:

As an authorized Ford dealer in Nigeria, BriscoeFord offers a variety of Ford models for prospective buyers.

7. Globe Motors:

This dealership is an authorized distributor for Hyundai and Mercedes vehicles in Nigeria, making it a popular choice for luxury car buyers.Top 15 Car Dealers in Lagos Nigeria

8. Coscharis Motors:

One of the oldest car dealerships in Nigeria, Coscharis Motors is a well-respected name in the Nigerian automobile industry.

9. Stallion Motors:

Stallion Motors is known as one of the leading automobile companies in Nigeria, dealing in multiple vehicle brands.7 Problems Facing Local Craft Industries In Nigeria

10. Germaine Auto Centre:

Germaine is renowned for its exceptional service and broad selection of vehicles.

11. Leventis Motors:

Leventis Motors is a part of the A.G Leventis group and has a diverse portfolio of vehicle offerings.

12. Skymit Motors Limited:

Skymit Motors has been providing various car brands to the Nigerian market and is known for its reliable services.10 Major Health Challenges In Nigeria

13. CFAO Motors:

With a wide variety of brands on offer, CFAO Motors has been a reliable dealership for many Lagos residents.

14. The Honda Place:

As an authorized Honda dealer, The Honda Place is a go-to spot for anyone looking to buy a Honda vehicle.

15. R.T. Briscoe:

R.T. Briscoe has a long history in Nigeria and offers a range of both new and used vehicles.

How much do car dealers make per car in Nigeria?

The profit margins for car dealers in Nigeria can vary significantly depending on several factors, including the type and price range of the vehicles they sell, market demand, operating costs, and negotiation skills. Generally, car dealerships make their profits through a combination of vehicle sales, financing, trade-ins, and additional services like maintenance and warranties.200 Romantic Love Message

Profit margins on new cars typically range from 5% to 10% of the vehicle’s selling price. However, dealerships often rely on additional revenue streams, such as selling add-ons, extended warranties, and financing packages, to increase their profits. These ancillary services and products can contribute to a more significant portion of a dealership’s earnings.

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For used cars, profit margins can be higher due to factors like negotiation flexibility, acquisition costs, and reconditioning expenses. Profit margins on used cars can vary widely, with dealerships aiming to maximize their profits while considering factors like market demand and competition.

It’s important to note that the profitability of car dealerships is influenced by various market dynamics, including economic conditions, supply and demand, and competition. Moreover, individual dealerships may have their own strategies and cost structures that affect their profit margins.

Best tokunbo car dealers in Lagos

Here are a few dealerships in Lagos that are commonly mentioned:

1. Mandilas Enterprises Limited:

Mandilas is a reputable automobile company in Nigeria, dealing in new and used vehicles, including Tokunbo cars. They have several branches in Lagos and offer a wide range of car models.JAMB Portal

2. Globe Motors:

Globe Motors is a well-established dealership in Nigeria, known for its quality vehicles and customer service. They have multiple locations in Lagos and deal in both brand new and used cars, including Tokunbo vehicles.

3. CARS45:

CARS45 is a prominent Nigerian online marketplace for used cars. They offer a wide selection of Tokunbo cars and provide inspection reports, financing options, and transparent pricing.105 Good Morning Love Messages

4. Lanre Shittu Motors:

Lanre Shittu Motors is a popular dealership in Lagos that deals in both brand new and used cars. They have a range of Tokunbo vehicles available and have been in the automotive industry for several years.

5. Naija Auto:

Naija Auto is an online platform that connects buyers and sellers of used cars in Nigeria. They have a comprehensive listing of Tokunbo cars available in Lagos and provide detailed information and contact details for each listing.

Remember, it’s important to exercise due diligence when purchasing a used car and dealing with any dealership. Verify the vehicle’s condition, documentation, and ensure a thorough inspection before making any payments. Additionally, consider seeking advice from trusted friends, family members, or automotive professionals who may have firsthand experience with dealerships in Lagos.

Conclusion

Before making any decisions, it’s important to do your research. Look for dealerships with strong reputations, good customer service, and a track record of honesty and transparency. Always inspect cars carefully before purchase, and consider having an independent mechanic look at the car as well. Be sure to verify the current operation and reputation of these dealerships as the situation might have changed post-2021.

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Top 15 Car Dealers in Lagos Nigeria