Ahmed Amer

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Latest by Ahmed Amer


Customs on imported cars increase by 66% after flotation

Customs charges on imported cars increased by 66% on Friday following the flotation of the Egyptian pound. This decision was made on Thursday when customs recorded a 52% increase calculated according to the price of the US dollar against the Egyptian pound in the free market, which will be reviewed on a daily basis. The …

Ahmed Amer

Nissan partners with KidZania to establish first role-play auto-production line attraction in Egypt and North Africa

Nissan Egypt is set to cooperate with KidZania Cairo to establish a role-play attraction modelled after their automotive production line at KidZania Edutainment Park. Through this initiative, Nissan will provide a unique opportunity for younger generations to learn about Nissan products and engage in the excitement that stems from the manufacturing process experience. The managing director …

Ahmed Amer

Automotive market fails to control prices of 165 car models in October

A new wave of price increases for 165 car models from different brands continued through in October, registering record highs as a result of price increases that companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes included the German brands Opel and BMW, the …

Ahmed Amer

ECA detects monopolistic practices in Egyptian automotive sector

The Egyptian Competition Authority (ECA) has revealed the presence of monopolistic practices in the Egyptian automotive sector, leading to a significant increase in the prices of several models and categories of cars. ECA is currently conducting a study to examine the automotive sector in order to detect  restrictions and different forms of monopolisation practiced by …

Ahmed Amer

Passenger cars achieve EGP 18bn in sales in first 7 months of 2016

The automotive market struggled to move 84,400 passenger car units during the first seven months of 2016, with a total value of EGP 18bn. Korean brands maintained the top spots of the sales market, with the brands achieving sales of 28,300 units worth EGP 5.04bn between January and July, despite the 17.3% decline in sales …

Ahmed Amer

Kia Sportage outperforms Opel Astra sales

Kia Sportage took the top spot from Opel Astra in sales of European-origin cars. Though headquartered in Seoul, South Korea, Kia Sportage is manufactured in Slovakia before it is imported to Egypt—therefore it is considered a European brand. The model registered sales of 2,379 units over the course of seven months worth EGP 666m in …

Ahmed Amer

Low supplies cause car prices to rise in September

Coinciding with September’s deliveries, further price hikes have swept across approximately 137 models from all the well-known brands in the automotive market, registering record highs as a result of the price increases companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes were registered for …

Ahmed Amer

10 models make up 50% of Egypt’s car sales in 6 months

Daily News Egypt created a list of the 10 top-selling cars in the Egyptian market in the first half of 2016. Those 10 passenger car models sold 33,200 cars from January to June, representing 47% of the total sales of 70,800 units in the six months. The locally manufactured Hyundai Verna topped the list, achieving …

Ahmed Amer

Automotive companies advertise their models, services in the North Coast

While people flock to the coastal cities to take advantage of the summer months, automotive companies are also looking to take advantage of the summer season to promote their cars and after-sales services. Daily News Egypt is taking a look at the direction automotive companies are moving in, including Kia, Toyota, BMW, Renault, and Nissan. …

Ahmed Amer

Sales shrink due to pricing difficulties

Several car dealerships kept their prices unchanged from July to August, despite the turmoil that hit the automotive market when the US dollar exchange rate rose above EGP 13. Other companies chose to temporarily raise their prices. Distributors and traders also raised the prices to counter the increasing cost of imports. Chairperson of El-Saba Automotive …

Ahmed Amer

cars

EAFA presents automotive factory’s establishment project to presidency

The Egyptian Auto Feeders Association (EAFA) presented a project to the presidency which would see the establishment of a factory for the manufacture of export-ready Egyptian cars, chairperson of the association Ali Tawfik said. This comes after the cabinet and the Ministry of Industry expressed an interest in the project. The project aims to establish …

Ahmed Amer

Car prices continue their journey towards record highs

A new wave of price hikes took place in July for 153 car models from different brands amid anticipation by analysts that the Egyptian pound would be further devaluated by the Central Bank of Egypt. The increase included the German carmakers Opel and BMW, Korea’s Hyundai and Kia, the American Chevrolet, the French brands Renault …

Ahmed Amer

Chevrolet tops sales of US markets

The top four spots in the US market sales during the first quarter were occupied by Chevrolet, with the new Optra ranking first on the list by selling 1,200 vehicles worth EGP 171,600m

Ahmed Amer