The Managing Director and Chief Executive Officer of Stock Motorcars Limited, Esu Bassey-Duke, has revealed that high-end SUVs are currently leading demand in Nigeria, driven by growing interest in newer models and the rising costs of importing older vehicles.
Speaking with Nairametrics, he said that at his Ogudu car lot, mid-size to large SUVs are more in demand compared with their sedan counterparts, which are still purchased but whose demand has fallen behind that of SUVs.
He cited models such as the Mercedes GLE, Toyota Highlander, Toyota RAV4, Lexus LX, Hyundai Tucson and Mazda SUVs, noting that vehicles from 2014 models and newer are mainly bought by middle- and upper-income buyers.