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Egypt’s passenger car sales rise 24% in September 2020 despite COVID-19 - Daily News Egypt

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Egypt’s passenger car sales rise 24% in September 2020 despite COVID-19

Locally assembled cars grow by narrow margin of 0.6%, imported cars boom from the previous year by 42.7%


Egypt’s passenger car sales increased 24% on an annual basis to 17,051 cars during September 2020, compared to 13,734 cars in the same month last year. Truck sales also increased during the same month to 3,348 vehicles, compared to 3,055 in the same period of 2019, reflecting a growth of 9.6%.

The latest figures were published in the monthly report issued by the Automotive Market Information Council (AMIC).

However, bus sales in Egypt witnessed a 34.1% decrease compared to the same period, bringing the total number of buses sold to 2,506 units, compared to 3,055 units in the same month of 2019.

The total car sales during the first nine months of 2020 reached 107,617 units, compared to 87,272 during the same period of 2019, reflecting an increase of 23%. The healthy increase comes despite the recent economic effects of the novel coronavirus (COVID-19) crisis, which has also strongly shaken consumer confidence.

Total vehicle sales, which include trucks, buses, and passenger cars, stood at about 152,333 vehicles in the first nine months of 2020, compared to 125,306 vehicles during the comparison period.

Locally assembled cars managed to see a slight rise of 0.6%, bringing the total sales in the nine-month period to 63,247 vehicles, compared to 62,871 vehicles for the same period last year.

Sales of imported cars witnessed high growth during the previous period, reaching 89,085 units, compared to 62,435 units in the previous year, reflecting a growth rate of 42.7% year-on-year (y-o-y).

On the other hand, only European and Chinese cars managed to generate sales growth during the nine-month period, seeing a rise of 60.4% and 87.5%, respectively, on an annual basis. The European and Chinese brands sold a total of 34,993 and 18,280 cars, respectively.

Although the volume of its sales decreased compared to last year by 4.4%, Japanese cars managed to grab second place with a total of 26,006 cars. In third place, South Korea fell at the same rate as Japan to 19,322 cars, while US cars fell by 9.7% and a total of 9,016 cars.

Regarding best-selling car brands, Hyundai came at the forefront of passenger car sales, with a total of 12,472 cars during the first nine months of 2020, with a market share of 11.6%. This reflects about 15% less than last year.

It was followed by Toyota, with a total of 11,449 cars sold, thus maintaining the same market share of 10.6%. In third place with a similar market share to Toyota was Nissan, which had a share of 11,408 cars, down 5.1% y-o-y from the market sales volume. It was followed by Renault with 10,250 cars and a 9.5% market share, which is 1.7% less than 2019.

In the fifth and sixth place came MG and Fiat, with a total market share of 16%, with sales of 8,653 and 8,619 cars, respectively.

From the seventh to the tenth place were Chevrolet, Kia, Chery, and Peugeot, with total sales of 6,981, 6850, 6090, and 5,200 cars, respectively. Only Kia achieved an increase in market share by 0.2% and Chery by 2.5%.

Opel made a leap despite its eleventh position, with sales of 5,144 cars compared to 872 last year, followed by Citroen with a total of 3,306 compared to 903 for the same period. Meanwhile, BYD, which sold nearly half of what it achieved in 2019, saw sales fall to 2,747 cars from 4,285.

In terms of best-selling models, Toyota Corolla ranked first with a total of 9,820 cars sold during the first nine months of 2020, followed by the Nissan Sunny with a total of 8,344 cars. These were followed by the Fiat Tippo which saw a total of 8,289 cars sold, the Renault Logan which saw 5,106 cars sold, and Hyundai Tucson with 4,983 cars.

In the next five places were Kia Sportage, MG5, Hyundai Elantra, MG Z, Chery Arizo 5, with a total of 4,928, 3,637, 3,443, 3,115, and 2,976 cars sold, respectively.

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https://dailyfeed.dailynewsegypt.com/2020/11/10/egypts-passenger-car-sales-rise-24-in-september-2020-despite-covid-19/
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