The automotive market has witnessed dramatic prices increase in recent months, driven by the shortage of hard currency required for importing and the high exchange rate on the informal market.
Latest by Ahmed Amer
Japanese cars sold 10,100 cars valued at EGP 2.2bn and a sales fall of 27.2% year-over-year
Cars in EGP 60,000 to EGP 90,000 price range are in most demand
Sales of MINI 6 included Highline 5 Door, Basic, Countryman Comfort, Countryman Elite, Luxury and S JWC
General Motors Egypt filed a complaint in protest of a discrepancy between the import and sale value of Isuzu cars of $6,000
The company opened an exhibition centre in the Mansoura governorate and a Suzuki service centre in Sheikh Zayed in March 2015. At the start of 2015, El-Saba Automotive attracted investments of EGP 170m
If the currency crisis was controlled, sales would be better, says EIM Renault general manager
EAMA asked to meet the central bank governor and three ministers, says spokesperson
High prices, low market sales threaten to shrink market, says EAMA spokesperson
EBAM to start assembling Zemex Star minibuses in May after halting car imports
Passenger cars sales drop 33%, buses 21%, and trucks by 33%
Jeep, BMW, and Suzuki announce the closure of reservations for their vehicles
Sitting down in an exclusive interview with Daily News Egypt, Yazid Abdullah, an engineering graduate from Helwan University, discusses his team’s participation in the Baja SAE
Used-car prices increase by 30% to 40% amid limited imports of new cars
Passenger cars sales drop 38%, busses 24.3%, and trucks by 18.4%
Fine of EGP 1,000 per day on illegal showrooms, says Ayman
Current legislation does not attract large manufactures, says Mostafa
A source with a German automotive manufacturer claims the company has remained subject to tariffs that were set to be reduced at the start of 2016
There is no point establishing the industrial zone without new strategy for automotive industry development, says chairman of engineering industries chamber
The company will also open services centres and branches to halt 2015 retreat
Korean cars topped auto sales at total of 58,000 vehicles, followed by Japanese and European sales
Elantra HD returns as locally assembled Elantra AD and Tucson becomes first 2017 model in Egypt
The law will include an additional tax to offset the decline of customs revenues on imported cars under the European Union, Turkey, and Agadir free trade agreements.
Customers will escape from banking restrictions, says Honourary Chairman of AMIC
The prices of 29 models saw an increase, while eight dropped since beginning of January
Proton was the least selling car brand in 2015, having sold only 766 cars
NBE and Banque Misr restrict opening letters of credit for fully-manufactured models, says banker
Korean manufacturers sold 53,700 cars, acquiring about 30% of the total personal car market in Egypt.
Daily News Egypt reported that the Customs Authority would be exempting cars of European-origin with capacities of 1,300 CC or less from customs in compliance with the EU-Egypt Association Agreement, according to a source at the Ministry of Finance
An official at the Ministry of Finance told Daily News Egypt that custom exemptions on European cars with a capacity of 1,300 CC or less will reach 100% in the upcoming days under table four of the agreement, which came into force in 2008.