The Nigerian auto market in 2025 is more dynamic than ever. Between the fluctuating naira, global supply chain changes, and increased local assembly, new car prices in Nigeria have evolved into a complex ecosystem of ambition, inflation, and innovation.
For many Nigerians, a car isn’t just transportation, it’s a status symbol, a family essential, and sometimes, a business investment. Whether it’s a Toyota Corolla weaving through Lagos traffic or a Lexus GX cruising Abuja’s expressways, car ownership remains one of the most emotional purchases in the country.
This guide breaks down new car prices in Nigeria, dealership insights, and tokunbo comparisons, so you can buy smarter, not just faster.
Why New Car Prices in Nigeria Are Rising
1. Foreign Exchange Volatility
The naira-dollar exchange rate remains a key determinant of vehicle prices. Since almost all new cars are imported, every dip in the naira strength translates to a hike in car prices.
2. Import Duties and Charges
Nigeria’s import tariff on new vehicles ranges between 35% and 70%. Add port clearing, customs fees, and VAT, and the cost nearly doubles before a car hits the showroom.
3. Global Manufacturing Costs
Inflation and logistics costs affect global car prices, and Nigerian dealerships often adjust yearly to reflect new global pricing trends.
4. Local Assembly Growth
Brands like Innoson, GAC, and Changan now assemble cars locally, lowering logistics costs and making some new models more affordable.
5. Rising Demand for SUVs
Nigerians love SUVs — a segment that remains expensive due to high import duties and their naturally higher production costs.\
2025 New Car Prices in Nigeria (Brand-by-Brand Guide)
Below are verified dealership price ranges for popular brands sold in Nigeria as of 2025.
Toyota New Car Prices in Nigeria
| Model | Trim | Price Range (₦) |
|---|---|---|
| Toyota Corolla | LE, XSE | ₦32 million – ₦38 million |
| Toyota Camry | SE, XLE, XSE | ₦42 million – ₦52 million |
| Toyota RAV4 | Adventure, Limited | ₦48 million – ₦60 million |
| Toyota Highlander | XLE, Limited, Platinum | ₦65 million – ₦85 million |
| Toyota Prado | VX, TXL | ₦90 million – ₦120 million |
| Toyota Land Cruiser 300 | GR-S, ZX | ₦180 million – ₦260 million |
| Toyota Hilux | SR5, Adventure | ₦55 million – ₦75 million |
| Toyota Sienna | XLE, Limited | ₦65 million – ₦85 million |
Why Nigerians Love Toyota:
Reliable, easy to maintain, and with unmatched resale value. Even a 2018 Corolla still commands nearly ₦20 million in the used market — proof of Toyota’s reputation.
Lexus New Car Prices in Nigeria
| Model | Trim | Price Range (₦) |
|---|---|---|
| Lexus ES 350 | Luxury, Ultra Luxury | ₦70 million – ₦90 million |
| Lexus RX 350 | Base, F Sport | ₦95 million – ₦130 million |
| Lexus GX 460 | Executive, Luxury | ₦140 million – ₦180 million |
| Lexus LX 600 | Ultra Luxury | ₦230 million – ₦320 million |
Lexus is Nigeria’s go-to brand for prestige and comfort. Popular among executives, its resale market remains strong — especially for the GX 460 and RX 350.
Mercedes-Benz New Car Prices in Nigeria
| Model | Trim | Price Range (₦) |
|---|---|---|
| Mercedes C-Class | C200, C300 | ₦85 million – ₦110 million |
| Mercedes E-Class | E300, E350 | ₦110 million – ₦150 million |
| Mercedes GLC | 300 4MATIC | ₦120 million – ₦160 million |
| Mercedes GLE | 350, 450 4MATIC | ₦170 million – ₦240 million |
| Mercedes S-Class | S500, Maybach | ₦320 million – ₦550 million |
Mercedes-Benz remains a favourite among Nigeria’s elite, combining elegance with top-tier engineering. The GLE 450 and E-Class dominate Abuja and Lekki roads alike.
Honda New Car Prices in Nigeria
| Model | Trim | Price Range (₦) |
|---|---|---|
| Honda Accord | EX, Sport | ₦35 million – ₦48 million |
| Honda CR-V | EX-L, Touring | ₦50 million – ₦65 million |
| Honda Pilot | EX-L, Elite | ₦70 million – ₦90 million |
| Honda HR-V | EX | ₦38 million – ₦45 million |
Honda’s balance of comfort, durability, and design makes it a top alternative to Toyota for Nigerian middle-class families.
Hyundai and Kia New Car Prices
| Brand | Model | Price Range (₦) |
|---|---|---|
| Hyundai Elantra | — | ₦28 million – ₦35 million |
| Hyundai Tucson | — | ₦40 million – ₦50 million |
| Hyundai Santa Fe | — | ₦55 million – ₦70 million |
| Kia Rio | — | ₦27 million – ₦32 million |
| Kia Sportage | — | ₦42 million – ₦55 million |
| Kia Seltos | — | ₦35 million – ₦45 million |
| Kia Sorento | — | ₦60 million – ₦75 million |
Affordable yet modern, Hyundai and Kia vehicles are favourites for ride-hailing and small business owners.
Luxury & European Brands
| Brand | Model | Price Range (₦) |
|---|---|---|
| BMW 3 Series | — | ₦95 million – ₦120 million |
| BMW X5 | — | ₦160 million – ₦210 million |
| Range Rover Velar | — | ₦180 million – ₦250 million |
| Range Rover Sport | — | ₦250 million – ₦380 million |
| Range Rover Autobiography | — | ₦400 million – ₦600 million |
| Audi Q7 | — | ₦160 million – ₦220 million |
These brands embody luxury and presence. Range Rover remains a Nigerian favourite, symbolising wealth and success.
Chinese & Locally Assembled Cars
| Brand | Model | Price Range (₦) |
|---|---|---|
| GAC GA4 | — | ₦19 million – ₦25 million |
| GAC GS4 | — | ₦28 million – ₦35 million |
| GAC GS8 | — | ₦55 million – ₦70 million |
| Changan CS35 | — | ₦22 million – ₦30 million |
| Chery Tiggo 8 | — | ₦40 million – ₦55 million |
| MG ZS | — | ₦25 million – ₦35 million |
| Innoson G5T | — | ₦17 million – ₦25 million |
Chinese brands like GAC and Changan are winning buyers with advanced features at lower costs — all assembled locally with government incentives.
Foreign-Used (Tokunbo) vs New Car Prices in Nigeria (2025)
| Model | Average Year | Tokunbo Price (₦) | New Price (₦) |
|---|---|---|---|
| Toyota Corolla 2017 | ₦15 million – ₦18 million | ₦32 million+ | |
| Lexus RX 350 2016 | ₦25 million – ₦35 million | ₦95 million+ | |
| Honda Accord 2018 | ₦18 million – ₦25 million | ₦35 million+ | |
| Mercedes-Benz GLE 2017 | ₦40 million – ₦60 million | ₦170 million+ | |
| Toyota Prado 2015 | ₦40 million – ₦55 million | ₦90 million+ |
Observation:
Tokunbo cars continue to dominate Nigeria’s middle-class market. While new cars bring warranty and reliability, used imports still provide unmatched affordability.
Chart: New vs Tokunbo Car Prices in Nigeria (2025)
Chart: Average Brand Affordability Ranking (2025)
Where to Buy New Cars in Nigeria
- Authorised Dealerships:
- Toyota Nigeria Limited
- Coscharis Motors (BMW, Ford)
- Globe Motors (Mercedes-Benz)
- Stallion Motors (Hyundai, Nissan)
- Online Marketplaces:
- Carlots.ng – Verified dealers, transparent prices, and Buy4Me import service.
- Carmart.ng, Jumia Autos — Other online platforms for comparison.
- Local Assemblers:
- Innoson Vehicle Manufacturing (IVM)
- GAC Motors Nigeria
- Dangote Peugeot Plant
Tips Before Buying a New Car in Nigeria
- Check Dealership Authenticity – Always buy from authorised dealers.
- Factor in Maintenance – Some European brands require costly parts.
- Consider Resale Value – Toyota, Honda, and Lexus lead the pack.
- Don’t Forget Insurance – Comprehensive coverage is essential, especially in urban centres.
The Role of Import Duties and Customs
| Vehicle Type | Duty | VAT | Total Impact |
|---|---|---|---|
| Brand-new vehicle | 35% | 7.5% | ~42.5% |
| Used vehicle | 35% | 7.5% | ~42.5% |
| Locally assembled CKD | 0–10% | 7.5% | 7.5–17.5% |
Link suggestion: The True Cost of Importing a Car to Nigeria in 2025
This taxation structure explains why locally assembled vehicles like Innoson or GAC are millions cheaper than fully imported units.
Future Outlook: Stability and Local Manufacturing
Analysts predict that by 2026, new car prices may stabilise if the naira strengthens and more brands embrace local assembly. With brands like Dangote, Peugeot and GAC Nigeria investing heavily in infrastructure, Nigeria is slowly reducing its dependency on imports.
Conclusion: Choosing Smartly in a Dynamic Market
Buying a car in Nigeria isn’t just about affordability; it’s about value and vision. The smartest buyers consider the full lifecycle — from maintenance and resale to comfort and fuel efficiency. A ₦32 million Toyota Corolla might sound steep, but if it lasts 10 years with minimal issues, it’s worth every naira. Meanwhile, a ₦25 million tokunbo Lexus may be the better short-term choice for many.
Whichever route you choose, trust transparency, verify dealers, and check trusted platforms like Carlots.ng for verified prices and professional guidance.