The Nigerian market for automobile in substantial and can readily sustain an automobile industry. In 2012, the country imported about $4 billion worth of automobiles of which about two thirds were pre-owned (UNCTAD). A growing middle class (40 million with a potential market of 1 million vehicles annually). Annual spending vehicles import is over $3.5billion and still growing. Regional export potential into the West (ECOWAS) and central African markets. Indigenous vehicle manufacturing company is Innoson Motors, which manufactures SUV, Transit Buses and Trucks. There is Presence of Nissan, Volkswagen, Toyota and KIA etc, in the automobile industry.