Negotiations take place with vehicle manufacturing companies to enforce vehicle warranties following conversion to gas
Latest by Yara El-ganiny
Group’s factory has produced several notable models assembled in Egypt, at the forefront of which are the BMW X categories
New BMW X6 model has become available on local market for EGP 2m
New platform offers 70 government services, including food rations and vehicle licensing
Egypt’s long-term auto strategy focuses on local manufacture of electric vehicles, says Karim Naggar
Source debunked social media rumours on alleged changes to traffic violation fines
Gap between supply and demand caused increase in prices of some models: El Sabaa
Company introduces some modifications to new version of Urvan
New car models like Opel Ingenia, and Peugeot 301 and 3008 to be delivered in July, says Ahmed Ghorab
Now is the time to buy new cars despite uncertainties surrounding the future, says GB Auto’s Drive
Automotive companies must switch from traditional to digital marketing to deal with social, economic changes due to COVID-19, says El Naggar
Used car sector dealers generally positive despite global pandemic
Local assembly does not face global supply chains disruption problems
The pandemic has stymied the global automotive sector, causing disruption to production in factories and reducing the workforce. This has in turn seen global sales slashed by a whopping 51.8% during March.
Temporary commercial plates are currently best replacement for car licences
Reducing production and cutting out certain markets can offset losses: Kayan
The CBE has set a daily limit for cash deposits and withdrawals at bank branches for a temporary period at EGP 10,000 for individuals and EGP 50,000 for companies. The latter are exempt from these limits in case of paying salaries or other obligations.
Drive securitises EGP 425m bonds, and will resume collecting postponed instalments from September
Shift to digital payments boosts car sales
Auto dealers ask CBE to exempt them from decision to disburse car loans
Egypt has capacity to produce all parts of vehicles except engine and gearbox: EAMA
Sales to increase by 15% in the coming period: El Saba
Saad said there is a need to encourage small and large factories alike in order to promote a synergy that could cover the state’s target production volume, calling for grants and manufacturing incentives for companies and investors.
Company to introduce new models of Scala, Kamiq in 2Q, 4Q2020, respectively
Group to launch three to four new products in 2020, including the MG5 that launched at December end
Saad ruled out the presence of any obstacles that might hinder the entry of Chinese industrial products shipped from customs outlets, as medical checks and health security measures are carried out on agricultural products that are likely to be carriers of the virus.
Withdrawing controls of various cars, anticipation dominates consumers’ behaviour
GB Auto’s subsidiary, Drive, plans to increase its market share in factoring
Chinese car companies, for the new year, did not reduce car prices in anticipation for market conditions improving, Saad explained. He noted that the recent drop in car prices is not solely due to custom removals of Turkish cars, but also to the decline in exchange rates.
Feeder industries are calling for incentives to promote their exports