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They have so far been imported from the Far East and usually cost about 800,000 Naira or 1,600 Euros. Innoson announced a selling price of 500,000 Naira or 1,000 Euros. The production capacity is 60,000 "Kekes" per year. This is to be increased by a new production plant in Owerri in Imo State on a plot of land of 150,000 square metres. [7]
The Suzuki Baleno nameplate has been used by the Japanese manufacturer Suzuki to denote several different subcompact cars since 1996. From 1996 to 2002, the Suzuki Baleno that was sold in Europe and Asia-Pacific was a rebadged Suzuki Cultus Crescent. It was also produced and sold in India as the Maruti Suzuki Baleno until 2007.
The Baleno is built on the new lightweight HEARTECT platform, shared with the smaller Swift and Ignis hatchbacks. Baleno is the first vehicle from Maruti Suzuki to be underpinned with the newly developed platform. [13] It has a luggage volume of 320–355 litres (with or without spare tyre), which can be expanded to 756 litres when the rear ...
Used car prices are influenced by a range of factors, from the vehicle's make and model to the state of the economy. Presidential policies can have an impact as well, though it's often an indirect
The car was offered in variants such as GL and GLX, with an upgraded variant called Margalla Plus launched later on. Production was ceased in 1998 to give way to the replacement Suzuki Baleno. In the Pakistani used car market, "Suzuki Sedan" refers to the 1000 cc import model, whereas Suzuki Margalla means the locally assembled 1300 cc model.
A well-known foreign car manufacturer in Kaduna was Peugeot Automobiles Nigeria (PAN). However, in April 2022, Aliko Dangote took over Peugeot its shares [22] and the company name was changed to DPAN. Under the new management PAN/DPAN will mainly assemble Chinese brands Chery and Higer using pre-produced parts.
The yearly depreciation of a car is the amount its value decreases every year. Normally a car's value is correlated with the price it has on the market, but on average a car has a depreciation around 15–20% per year. [12] [13] Depending on market conditions, cars may depreciate 10–30% the first year. [14]
Nigerian vehicle registration plates in current use were introduced in 1992 and revised in 2011. Nigeria, Liberia, Somalia [1] are the only three African countries that use the North American standard (300 mm × 152 mm (10 in × 5 in)), with Egypt using an approximately similar size (350 mm × 170 mm (15 in × 5 in)).