Lagosians Bought More New Cars In 2020 Despite COVID-19 Pandemic

Data revealed by the Lagos State Motor Vehicle Administration Agency (LSMVAA) showed that Lagosians bought more new cars in 2020 despite COVID-19 pandemic.

Amid Covid-19 pandemic, cars registered in Lagos State was up +6.2% (319,550) in 2020, compared to 2019 (300,903).

Lagos State Motor Vehicle Administration Agency (LSMVAA) has revealed that more new cars were registered in the state last year despite the lockdowns and travel restrictions occasioned by the COVID-19 pandemic.

The coronavirus pandemic in 2020 may have impacted the world economy and affected car sales and registrations, but figures released by LSMVAA showed that cars registered in the Center of Excellence was up +6.2% (18,747 more cars) in 2020, compared to 2019.

Data revealed by the Lagos State Motor Vehicle Administration Agency (LSMVAA) showed that 319,550 cars were registered in Lagos in 2020.

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In comparison, 300,903 and 295,552 new cars were registered for the same period in 2019 and 2018 respectively. 207,899 and 196,257 owners registered their cars in 2017 and 2016 respectively.

Unlike in Lagos, car sales in UK fell to its lowest level – by 97 per cent – as thousands of unsold brand new cars and used cars remained unsold last year, amid the pandemic.

Huge numbers of cars were pictured lining up at a UK port after demand plunged to its lowest level since 1946 due to the Covid-19 pandemic.

Figures released by the Society of Motor Manufacturers and Traders (SMMT) showed only 4,321 new cars were registered in May 2020, compared with 161,000 for the same period in 2019.

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