Despite the associated risk, marketers yesterday told The Guardian that sales of brand new tyres have dropped, while demand for fairly used and low-premium variant has lately peaked.
He said: “Before now, most people went for premium tyres like Dunlop and Michelin, but due to the poor state of our economy, most Nigerians now buy these relatively cheaper and non-premium tyres from China. “October, November and December are seasons for tyre business. Customers always come around to change their vehicle tyres, but since the COVID-19 pandemic, things have changed. Customers that do go for premium tyres are now going for non-premium and Tokunbo tyres,” he said.
Chairman of Tokunbo tyres association at Ladipo Auto Spare Part Market, Ladipo, Emeka Onwuleuomi, also complained about how the economy has affected sales of Tokunbo tyres.Similarly, non-premium brands like Links, Maxxis and Doofride that lately sold at N28,000, now sold between N35,000 to N40,000.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Digital cloud cooperative platform debuts in Nigeria | The Guardian Nigeria News - Nigeria and World NewsAfter its pre-launch in August, a new digital cooperative society called Cloud Cooperative has been officially launched in Lagos.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
PIA to open investment opportunities in Nigeria – Kyari | The Guardian Nigeria News - Nigeria and World NewsMallam Mele Kyari, Chief Executive Officer, Nigerian National Petroleum Company (NNPC), says the newly passed Petroleum Industry Act (PIA) will attract more business Investments in Nigeria.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Nigeria fast failing, fading, Jega warns | The Guardian Nigeria News - Nigeria and World NewsA former Chairman, Independent National Electoral Commission (INEC), Prof. Attahiru Jega, yesterday, warned against Nigeria’s lackadaisical approach to insecurity. You ushered in the failure sir. Instead of all of us to apply pressure to the government to do better, many think it is all politics. They will see we have infrastructure and that bombs were going off in Abuja during the time of GEJ. Let us all continue. The sky is falling, it won't fall only on one person
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Taming menace of bullying in Nigerian schools | The Guardian Nigeria News - Nigeria and World NewsJohn Davies, 11, cries every night before he sleeps. The thought of going to school every morning to face some of his classmates, who continually torment him, is demoralising.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Federalism is the answer, after all - Part 59 | The Guardian Nigeria News - Nigeria and World NewsThe re-federalisation of the Nigerian crooked state structure stifling initiative and arresting development on the part of component nationalities is unending.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Scientists endorse more herbal cures for COVID-19 | The Guardian Nigeria News - Nigeria and World NewsScientists have recorded major breakthroughs in herbal remedies for COVID-19 with discovery of green seaweed, licorice, gum laced with plant-grown protein, and antimalarial plants.
Source: GuardianNigeria - 🏆 1. / 94 Read more »