Tokunbo: Nigerians Bought 40% Of Total Online Used Cars Sold Worldwide – Carmudi

Nigeria has been rated the highest among countries in the world where used cars have been sold so far in online auto sales transactions platform, recording about 40 percent of the total sales all over the world.

Amy Muoneke, Managing Director, Carmudi.com made the disclosure recently in Lagos at a media parley to herald her assumption of office as the company’s new boss in Nigeria.

Muoneke, who took over from Christian Keller, a German, as the company’s Managing Director in the country, also disclosed that about 1,500 Nigerian auto dealers are listed on Carmudi’s auto dealers’ database.
She said, “Most of the used cars sold on Carmudi’s online auto sales platform so far are Nigeria used cars.
“Currently, about 40 percent of the total number of used cars sold on Carmudi’ online auto sales platform all over the world were sold in Nigeria.

“Also on our auto dealers list, we have 1,500 Nigerian dealers operating on the Carmudi auto online sales platform.”
Also speaking on the country’s Auto Policy, the new Carmudi boss explained that a lot of the outlooks and predictions that people had before the elections have been thrown off.

She wondered if this will keep growing with the existence of e-commerce.
“During an interview we had with Lanre Shittu Motors, we asked the owner of the business about the federal government’s 35 percent auto policy which is yet to be approved, and the car dealer said that they are already winding up for manufacturing,” she said.

Responding to questions about job losses in the country resulting from approval of the Auto policy, Muoneke siad that restructuring is inevitable, noting that the companies that are laying off their workers are only trying to align with the system of e-commerce.
She also described consultations in the auto industry as a welcome development, noting that it promotes innovation.

Assuring about the sustainability of Carmudi’s online auto sales initiative, Muoneke siad, “Carmudi is not just a small market. It is not a business initiative that has come up just for the money. We belong to the prestigious Africa Internet Group with our network offices in about 18 different countries.
“We want to change lives and make new innovations. So, we are not going out of operation any time soon”.

By Patrick Aigbokhan