Stakeholders pessimistic on future of auto fairs in Nigeria

Stakeholders in the nation’s automotive industry are pessimistic of the future of auto fairs in Nigeria.

Their fears are being ignited following a very low turnout recorded during the just concluded Lagos Motorfair, which in the past 10 years have remained one of the major auto fairs in the country.

Strong indications to the future apathy from stakeholders emerged a few weeks ago during the 15th edition of the Lagos International Motor Fair organised by BKG Exhibitions Limited which recorded an all-time low turnout of auto dealers and other stakeholders in the nation’s automotive industry.

Apart from vehicle dealers, regular spare parts exhibitors from overseas and other dealers in auto and allied products and services were absent due mainly to Covid-19

The low turnout, according to investigation, has to do with the outbreak of Covid-19 pandemic worsened by the poor economic situation which has not only affected car dealerships across the country, but has drastically reduced the purchasing power of car users.

Unlike other editions where over 50 vehicles would be on display by different Original Equipment Manufacturers (OEMs) and dealers, the fair witnessed abysmal numbers of cars and SUVs on display from Mikano Motors, Kia, OMAA, Jet Systems and Coscharis Motors.

This year, other big names that stayed away from what could be described as an annual ritual are Toyota Nigeria Limited, Massilia Motors, distributors of Mitsubishi Motors; CFAO/Suzuki, Stallion Motors, dealers of over seven brands; and Westar Limited, dealers of Mercedes among others.

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