The popular Honda Accord 1999 to 2002 model otherwise known as ‘Baby Boy’ has been described by dealers of fairly- used automobile in some part of Lagos state as a brand that will soon fizzle out of the market.
The model which has advanced to Honda Accord 2003 to 2007 model, otherwise called known as ‘End of Discussion’ is most preferable by buyers of Honda Accord In that range.
The popular Honda Accord 1999 to 2002 model otherwise known as ‘Baby Boy’ has been described by dealers of fairly- used automobile in some part of Lagos state as a brand that will soon fizzle out of the market.
The model which has advanced to Honda Accord 2003 to 2007 model, otherwise called known as ‘End of Discussion’ is most preferable by buyers of Honda Accord In that range.
Findings by Shipping Position Daily revealed that buyers prefer second hand ‘’End of Discussion’’, instead of buying fairly- used imported ‘Baby Boy’ from automobile markets.
It was also gathered that automobile markets in some part of Lagos now have few of the brands.
Also importation of the brands has dropped due to market demand.
Presently the price of a ‘Baby Boy’ in the tokunboh auto market range from N800, 000 to N1 million, depending on the year of manufacture, but buyers prefer to settle for N1.4 million to N1.65 million ‘End of Discussion’.
When asked why they prefer the 2003 to 2007 model of the Honda Cars, dealers revealed that it Baby Boy is already going out of fashion.
Olayiwola M.O .Chief Executive Officer M. Olly Motors and Spares, said that dealers are no longer interested in the brand. He said the ‘End of Discussion’ is currently most preferable by the buyers
He highlighted some of the reasons as; the car being outdated and that the advanced version is more sophisticated, matured and flashy.
According to him, the difference in terms of price is not much when one compares the cost of a ‘Baby Boy’ and a Nigerian used ‘End of Discussion’.
On his part, Mr. Fred Abanaba disclosed that it is a major problem to them as the ones in stock have depreciated in the market.
‘’Yes the sales of ‘Baby Boy’ has declined because some years back, the brand was the rave of the moment and most dealers imported the brands in thousands of units, but now, the demand has dropped drastically, for now customers and buyers prefer the 2004 model which is called End of Discussion’’, he said.
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