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Egypt’s automotive sales decline 46.7% in April - Daily News Egypt

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Egypt’s automotive sales decline 46.7% in April

Car sales nationwide have been negatively impacted by curfew and the halt licensing new vehicles between 19 March and 24 April.


Egypt’s automotive sales were down 22.4% year-on-year (y-o-y) and 46.7% month-on-month (m-o-m) in April, amounting to a total of 8,900 units.

Car sales nationwide have been negatively impacted by curfew and the halt licensing new vehicles between 19 March and 24 April.

Sales of passenger cars were down 26.4% y-o-y and 49.8% m-o-m, amounting to 5,850 units sold.

GB Auto, the Egypt agent for Hyundai, Mazda, Geely and Chery, reported a total market share landing at 19.5% in April. Although this marked a increase on the 17.2% reported in March, it still reflected a decline from the 21.6% reported in the same month of the previous year.

GB Auto’s passenger car sales in April rose 33.6% y-o-y and 43.1% m-o-m, amounting to 1,140 units in April. The y-o-y decline was driven mainly by a 54.7% decline in CBU sales, while CKD sales were up 9.1%. The m-o-m decline was the result of lower sales of both CBU, down 47.7%, and CKD 38.6%.     

Topics: Automotive Sales

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https://dailyfeed.dailynewsegypt.com/2020/06/09/egypts-automotive-sales-decline-46-7-in-april/
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