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Home » Why does the 2023 Mercedes Benz G-Wagon cost over ₦450 million to ₦530 million in Nigeria now, when it was worth ₦210 million just few months ago?
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Why does the 2023 Mercedes Benz G-Wagon cost over ₦450 million to ₦530 million in Nigeria now, when it was worth ₦210 million just few months ago?

Carmart TeamBy Carmart TeamMarch 3, 2024Updated:March 3, 2024No Comments3 Mins Read
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2023 Mercedes Benz G-Wagon
2023 Mercedes Benz G-Wagon
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The current cost of owning a brand new 2023 Mercedes Benz G-Wagon in Nigeria is now between ₦450 million to ₦530 million, which is a significant rise compared to just a few months ago. This increase is largely due to the rising exchange rate for cargo clearance. Nigerian luxury auto dealerships, who list their vehicles for sale on platforms like Carmart.ng, report this price range.

How much is the 2023 Mercedes-Benz G63 in Nigeria
2023 Mercedes-Benz G63

In August 2023, the cost of a brand new 2023 Mercedes Benz G-Wagon in Nigeria was around or slightly above ₦210,000,000. However, due to the current Customs Exchange Rate, which is over ₦1544.081 per dollar, the prices of vehicles, including both brand new and used ones (Tokunbo), continue to soar to unaffordable levels in Nigeria.

back seat of 2023 Mercedes-Benz G63 in Nigeria
back seat of a 2023 Mercedes-Benz G63 in Nigeria

Since May 2023, the Central Bank of Nigeria (CBN) has raised the exchange rate multiple times, causing the import duty for clearing cargoes at the nation’s seaports to increase. The exchange rate has risen from as low as ₦422.30 to over ₦1544.081 per dollar and is still increasing, leading to the record-high prices of vehicles in the country.

Why The 2023 Mercedes-Benz G63 is the Best SUV Suited for Nigeria Roads

back view of 2023 Mercedes-Benz G63 in Nigeria
2023 Mercedes-Benz G63

The 2023 Mercedes-AMG G 63 is a luxurious SUV that packs a punch with its beastly engine and high-tech performance equipment. The interior is also impressive, with glitzy features. It has a handcrafted 4.0L V8 biturbo engine can generate up to 577 hp and a cargo capacity of 38.1-68.6 cu ft. The G 63 can go from 0 to 60 mph in 4.5 seconds and has a top speed of 240km/h. It also features a two-speed transfer case, four-wheel drive, locking differentials, and an adaptive damping suspension for better performance.

back boot for the 2023 Mercedes-Benz G63 in Nigeria
back boot for the 2023 Mercedes-Benz G63 in Nigeria

Safety is a top priority for the G-Class, which has advanced features such as collision prevention systems, stability control, and multiple airbags. The Mercedes-Benz G63 symbolises wealth and prestige in Nigeria, and it’s no wonder politicians, celebrities, and top-class businessmen own it.

The original G-wagen was an icon, a military vehicle with the interior of an S-Class. It remained on sale for what seemed like forever. The redesigned second-generation version of the SUV arrived in 2019, retaining all the original’s looks, panache, and capability but with a more refined interior and better in-car tech and driver aids. However, it’s not the most comfortable or best-driving luxury SUV. The GG63 wins on charm more than anything else.

Have 1 million naira and above to Buy or Sell Cars In Nigeria? Check carlots.ng





All rights reserved. Reproduction, publication, broadcasting, rewriting, or redistribution of this material and other digital content on carmart.ng is strictly prohibited without prior express written permission from Carmart Nigeria - Contact: [email protected]

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The articles published by the Carmart team are a well-researched and informative collection of content contributed by the entire team of Carmart Nigeria. This content spectrum covers a wide range of topics in the automotive sector, including press releases, formal announcements, celebrity cars, new car releases, African car posts, car maintenance tips, safety tips, and much more. Carmart.ng is a blog that focuses on vehicle news in Nigeria. The blog covers a variety of topics such as car reviews, industry news, buying guides, maintenance tips, and automotive technology updates. These blogs can be a valuable resource for car enthusiasts, buyers, and anyone interested in staying up-to-date with the latest trends in the automotive world.

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