Ahmed Amer

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Latest by Ahmed Amer


Top 10 bestselling cars in first 11 months of 2016

The first 11 months of 2016 witnessed price hikes taking over the market, pushing down sales volumes. Nissan Sunny became the most selling car in 2016, taking the title from Hyundai Verna, which remained on top of market sales across the first nine months of 2016. Nissan Sunny saw sales of 11,200 cars in the …

Ahmed Amer

Nissan New Sunny sells 11,100 cars for EGP 1.8bn

Nissan New Sunny maintained its lead of the sales of Japanese cars in Egypt, achieving sales of EGP 1.8bn between January and February 2016, recording more than 11,100 sold cars, making it one of the most popular Japanese cars in Egypt. Mitsubishi Lancer achieved sales estimated at EGP 1.5bn during the same period, occupying the …

Ahmed Amer

Aveo retakes the lead from Lanos

The market of American passenger cars in Egypt achieved sales estimated at EGP 4.55bn during the first 11 months of 2016, with a total of 17,700 sold units. Chevrolet Aveo took the lead of the most sold American car in Egypt from its rival Lanos, as Aveo sold 3,595 cars between January and November, worth …

Ahmed Amer

Automotive market starts 2017 with price increases across 131 models

The new year for the automotive industry has begun with price increases across 131 models from every famous brand in the automotive market. This rise in prices came amid new estimates set by car companies on the cost of imported cars and their components in US dollars after the Central Bank of Egypt’s (CBE) decision …

Ahmed Amer

Customs tariffs, specifications, strategy are key focus at Egypt Automotive Summit: Bavarian Auto Group chairperson

Farid El Tobgy, the chairperson at Bavarian Auto Group, said the challenges facing automotive companies in Egypt include the shrinking market, the high customs tariffs, and keeping pace with the technological development that the automotive industry has reached around the world. He told Daily News Egypt that the government should reveal its vision for the …

Ahmed Amer

Pound’s flotation creates a competitive price for local products in global markets: chairperson of FEI’s Chamber of Engineering Industries

The Egypt Automotive Summit is a great annual opportunity to exchange ideas and views for the development of the automotive industry, said Hamdy Abdel Aziz, the chairperson of the Federation of Egyptian Industries’ (FEI) Chamber of Engineering Industries. Ahead of the summit, Daily News Egypt sat down with Abdel Aziz to discuss his thoughts about …

Ahmed Amer

Exports, manufacture of components vital issues on the table at Egypt Automotive Summit: MCV executive advisor

Automotive manufacturers are awaiting the chance to export Egyptian products and the elimination of obstacles so as to open new markets, in addition to strengthening the local industry by developing manufacturing components. These are some of the most vital issues the attendees of the third annual Egypt Automotive Summit will be concerned with, said Amr …

Ahmed Amer

Car prices set records a month after flotation

Price increases swept across the automotive industry in November, with 162 models across various brands experiencing record price hikes. Automotive companies decided to raise prices in response to the increased cost of importing vehicles and their components after the Central Bank of Egypt decided to float the Egyptian pound, more than doubling the value of …

Ahmed Amer

New Sunny tops best-selling Japanese cars

The New Sunny model continues to lead sales of Japanese cars, achieving sales of 9,714 units worth EGP 1.5bn from January to September 2016. Mitsubishi Lancer EX came in second place with sales of 5,523 units amounting to EGP 1.04bn, followed by Nissan Sentra with sales of 3,422 units worth EGP 682.7m. Toyota Corolla came …

Ahmed Amer

Kia Sportage registers sales of 3,116 units

Kia Sportage, manufactured in Kia’s factories in Slovakia, maintained its top spot in European-origin personal car sales in Egypt. Kia Sportage is considered a European car and benefits from the reduction of customs in accordance with the Egyptian–European partnership agreement. The car registered sales of 3,116 units during the first nine months of 2016, amounting to EGP …

Ahmed Amer

Chery and Geely acquire 97% of Chinese-origin sales

Ghabbour Group has managed to keep control of the Chinese automotive market, acquiring 97% of its total sales. The brands Geely and Chery registered sales of 8,981 units over nine months out of a total of 9,255 Chinese-origin units sold. The competition was limited to two brands, Geely and Chery, six months following Chery’s entry …

Ahmed Amer

Aveo leads Chevrolet’s top sales with 2,757 units

Chevrolet has topped sales of US-origin personal cars in Egypt, with its models occupying the first four ranks in the first nine months of 2016. The brand has achieved sales of more than 10,000 cars, representing 75.3% of 14,400 total US car sales in that period. The Chevrolet Aveo topped the list of best-selling US …

Ahmed Amer

cars

Passenger cars register EGP 25.4bn in sales over 9 months

The passenger car market saw sales of 110,200 cars over the course of the first nine months of 2016 with the value totalling EGP 25.4bn. Despite a 16.5% year-on-year decrease, Korean brands continue to lead the market in total number of sales. A total of 37,140 cars were sold with the value amounting to EGP …

Ahmed Amer

Hyundai dominates Korean car sales, Verna in the lead

As of the end of September, Hyundai has acquired 75% of Korean brand sales in the Egyptian market, with 31,500 units sold out of a total of 37,100 units. For the moment, Hyundai has beat out its rival Kia which ranked lower. Hyundai Verna came in the lead during the period from January and September, …

Ahmed Amer

Car companies halt sales to reprice in wake of CBE decision

Car companies halted their sales processes to review prices after the Central Bank of Egypt’s (CBE) decision to float the Egyptian pound on Thursday. Some companies plan to reprice their cars, while others await the stabilisation of the US dollar rates against the pound and the end of the turmoil and confusion that currently prevails …

Ahmed Amer