Ahmed Amer

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Latest by Ahmed Amer


Car prices continue climbing in August

July ended, and August began, but the expectations of distributors and dealers in the auto market remained mere inc as no prices have gone down as predicted. Even worse, several companies raised their prices in late July and August by over 8% compared to the beginning of July. Among the companies that raised prices are …

Ahmed Amer

Car prices unchanged in July except Hyundai, Nissan, Chery

Car companies maintained their prices in July, except Hyundai, Nissan, and Chery. The increases of the three companies ranged between 1,500 and 11,000. For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Auto companies expect that the sector’s sales will fall as …

Ahmed Amer

Record EGP 9.4bn of personal vehicles sold in Egypt in 4 months

The auto market recorded EGP 9.4bn in sales in the first four months of 2017, selling more than 26,000 units, a 42% decrease compared to the 44,900 units sold in the same period last year. Japanese brands topped total car sales at a total of roughly 11,800 cars from January until the end of April …

Ahmed Amer

Automotive companies offer no price cuts in Ramadan

For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …

Ahmed Amer

Tiggo bestselling Chinese car in Egypt in Q1 2017

The Chery Tiggo sold 568 vehicles between January and March, with a value of EGP 119.3m, toppingall Chinese brands. The Tiggo is one of the most popular Chinese cars in Egypt. The Geely Emgrand 7 occupied the second spot, with sales of 201 units, at a value worth EGP 24.5m, while the Chery Envy occupied …

Ahmed Amer

Nissan, Hyundai, Renault, Chery, and Opel witness price hike in May

The prices of Nissan, Hyundai, Renault, Chery, and Opel have seen an increase of up to EGP 30,000 due to the recessio0n experienced in the Egyptian market, while other companies managed to stabilise their prices in May. Despite the sale offers made by automotive companies in February and March, car sales declined by 46.5% in …

Ahmed Amer

FAMCO acquires Iveco Trucks in Egypt

Al-Futtaim Auto and Machinery Company (FAMCO) has acquired Iveco, the leading Italian brand in the field of manufacturing heavy trucks in Egypt. Al-Futtaim works in six countries in the region, with more than 30 brands. FAMCO provides several major sectors with a group of products, including buses, trucks, construction equipment, storage, energy generators, industrial equipment, …

Ahmed Amer

Partnership allows parties to impose internal taxes without distinction between country of origin: Bayoumi

Secretary general of the Egyptian European Association at the Ministry of Investment and International Cooperation Gamal Bayoumi said that the European side did not express any official objections on the government intending to pass the automotive development law, commonly known as the Automotive Development Strategy Directives, until now. Bayoumi told Daily News Egypt that the …

Ahmed Amer

Price hikes increase car sales to EGP 44.4bn

The wave of increased car prices in 2016 has increased growth in the value of car sales, taking them to EGP 10.4bn after the car market achieved total sales worth EGP 44.4bn last year, compared to EGP 34bn in 2015. The passenger car market sold more than 142,000 units—a 27% decline—compared to 195,500 cars sold …

Ahmed Amer

cars

Parliament’s Industry Committee ends discussions on the automotive strategy next week

Deputy head of the parliament’s Industry Committee, Mohamed El-Zeiny, said that the committee received memorandums of automobile manufacturers that have attended previous discussions with members of parliament (MPs) presenting their suggestions about the draft law of the automotive development strategy. He added that the committee held another meeting last week with some of the industry …

Ahmed Amer