Automotive Industry, Economic History, Local Manufacturing, Consumer Preferences, Car Production, Nigerian Economy, Motor Shows, Vehicle Affordability, Market Trends, Transportation

Citizen . 21 October 1990 . Pg 36

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The text discusses the evolution of the car market in Nigeria, particularly during the late 70s and early 80s when the oil boom allowed many middle-class Nigerians to easily acquire new cars. However, as the economy declined, car prices soared, making them less accessible. The second Motor Fair in 1990 showcased mostly foreign vehicles, with the Daewoo Racer gaining popularity. Peugeot Automobile Nigeria Limited (PAN) emphasized the importance of local production and sourcing, while also highlighting the need for Nigerians to support local manufacturers. Addis Engineering Limited introduced a locally produced car, but concerns about affordability and quality remain. Overall, while there is a push for local car production, many Nigerians still prefer imported vehicles for their elegance and reliability.

Summary

Summary may not be accurate; generated by machine learning.

The text discusses the evolution of the car market in Nigeria, particularly during the late 70s and early 80s when the oil boom allowed many middle-class Nigerians to easily acquire new cars. However, as the economy declined, car prices soared, making them less accessible. The second Motor Fair in 1990 showcased mostly foreign vehicles, with the Daewoo Racer gaining popularity. Peugeot Automobile Nigeria Limited (PAN) emphasized the importance of local production and sourcing, while also highlighting the need for Nigerians to support local manufacturers. Addis Engineering Limited introduced a locally produced car, but concerns about affordability and quality remain. Overall, while there is a push for local car production, many Nigerians still prefer imported vehicles for their elegance and reliability.