5 Richest Car Dealers in Lagos
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Opinions - July 14, 2023

5 Richest Car Dealers in Lagos

In Nigeria’s thriving automotive market, finding a trusted dealership for brand new cars is crucial. As the industry continues to grow, certain dealers have established themselves as trusted names, earning reputations that instil confidence and have made a lot of money for their brand. 

However, before making a significant investment in a brand new car, it’s important to know where to find reliable dealerships. This article has a compiled list of some car dealers in Lagos who have gained the trust of their customers thus amassing huge wealth. Let’s dive in.

Coscharis Motors

Coscharis Motors stands among the wealthiest car dealerships in Lagos, Nigeria. With both service and sales locations strategically situated in Lagos and Nigeria’s five geopolitical zones, encompassing Abuja, Ibadan, Port Harcourt, Kano, Gombe, Enugu, Lagos, Ekiti, Uyo, and Calabar.

Having been incorporated in 1977 by Cosmas Maduka, Nigerian businessman and founder of the Coscharis Group, the company diversified auto dealerships representing renowned brands such as BMW, Jaguar, Land Rover, Ford, and Rolls-Royce.

Throughout the years, Coscharis has consistently upheld its significance and worth in the Nigerian automobile industry, establishing the brand as a renowned household name in this sector. When it comes to the epitome of wealth and automotive excellence, Coscharis Motors proudly claims its place at the forefront of Lagos’ richest car dealerships.

Globe Motors Holding Nigeria

Founded by Chief William Anumudu in 1984, Globe Motors Holding Nigeria, is one of Lagos’ richest car dealerships synonymous with luxury and excellence and serves as the sole distributor of Higer buses used by the Lagos State Bus Rapid Transit (BRT) scheme.

Specialising in renowned brands like Mercedes-Benz, Toyota, Hyundai and Honda cars, they offer a remarkable selection of brand new vehicles with a strong focus on customer satisfaction. Situated on Victoria Island in Lagos, with showrooms in Port Harcourt and Abuja, the world of Globe Motors Holding Nigeria indulge in the epitome of automotive luxury and quality.

Affordable Motors

As a reputable car dealership in Lagos and one of the foremost car dealers in Nigeria, Affordable Motors, offers a wide range of quality vehicles at affordable prices. Established in 1995, the brand caters to a diverse customer base that spans across corporate organisations, government parastatals, and private individuals. 

When you purchase a car from Affordable cars, you can rest assured of its quality as every vehicle sold comes with a manufacturer’s warranty. This guarantee ensures that you receive a reliable and dependable vehicle, providing peace of mind and confidence in your purchase decision. Situated in Ikeja, Lagos, Affordable cars deals with a comprehensive selection of renowned car brands, including Mitsubishi, Toyota, Lexus, Honda, Nissan, Land Rover, KIA, Mercedes-Benz, Ford, and Infiniti. 

Lanre Shittu Motors

Among Lagos’ richest car dealers, Lanre Shittu Motors, excels in the automotive industry with a wide selection of quality vehicles. The brand is an authorised dealer of KIA and Nissan vehicles embodied with luxury and reliability.

As the premier destination for Mack trucks in Africa, the brand serves as the sole franchisee for Mack in Nigeria. And as the go-to dealer for Mack trucks, they provide customers with exceptional sales and service experiences, solidifying their reputation in the industry. Moreover, Lanre Shittu Motors also excels as a dealer for Yutong Buses in the country. With a commitment to superior after-sales service, Lanre Shittu Motors nurtures brand loyalty among its customers, ensuring their satisfaction and trust.

Elizade Motors

Elizade Nigeria Limited, among Lagos’ richest car dealers, is renowned  for vehicles sold by the company come with the comprehensive warranty of Toyota Motor Corporation in Japan, providing customers with added assurance and peace of mind.

Funded by Chief Michael Adeojo and his wife Wura Ade Ojo, Elizade Motors specialises in the sale of trucks, buses, 4X4 vehicles, and saloon cars.It has centres in key states in Nigeria including Lagos, Port Harcourt, Abuja and Akure. 

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