Used cars see rising popularity in Egyptian market, with Korean brands taking sales lead
Careful inspection of cars prior to purchase is necessary to ensuring its good quality: experts
Zamzam Mostafa
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Latest by Zamzam Mostafa
Egypt CPA issues instructions on vehicle pricing to protect consumers
Instructions are to ensure customers can access their rights to know vehicle prices, says CPA official
Egypt’s presidential facilities in auto sector attract investments
Customs incentives whet investor appetite in auto sector
2021 car models catch consumer’s eye, low supply reignites price increase
Parallel car market actually created by agents, through which more cars are imported, says Kayan Chairperson
Egypt private sector ready to participate in vehicle conversion to CNG initiative
Government needs to increase natural gas stations, to keep pace with nationwide CNG conversion, says Amr Suleiman
Defining EV charging tariff is crucial incentive for establishing stations: Pundits
Absence of EV charging tariff has caused investors to refrain from launching EV projects in Egypt, due to huge losses incurred when providing electricity for free
Egypt’s used car market in turmoil after state decision scrapping old vehicles
State can make good use of auto parts, vehicle frames of scrapped cars, auto expert
Egypt automotive seeks recovery from COVID-19 fallout
Hope, however, is gradually returning to the automotive market, with the gradual waning of the pandemic in its strength and the decision to co-exist with the virus.
Egypt takes serious steps to convert petrol-run cars to natural gas
Government starts converting old cars to work on natural gas, and limits new licences for bi-fuel vehicles
Electric vehicle production to revive Egypt’s El Nasr Automotive
Chinese carmaker partners with Egypt’s oldest auto manufacturer to produce 25k electric cars annually
Car lubricants, spare parts no exception in pandemic fallout
The COVID-19 spread also prompted many car dealers to trade spare parts online, where his company, for example, has provided many services that facilitate online purchases such as delivering car parts to homes at a discounted rate.
Recession continues to dominate car market
Recent sales plunge forced companies to reduce traditional marketing campaigns in favour of online marketing campaigns, says Auto Group
Coexistence with COVID-19 revives Egypt’s car market
More people will buy cars to avoid possible infection in public transport
Used car consumers remain cautious due to ongoing economic uncertainties
Used car sector dealers generally positive despite global pandemic
Egypt’s vehicle inventory starts moving as licensing resumes
Local assembly does not face global supply chains disruption problems
Local auto sector slowly recovers as vehicle licensing resumes
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.
Preliminary contract remedy for commercial transaction affected by notary’s offices closures
To protect rights of sellers, date of contract should be written down to disclaim responsibility for any violations that may occur after date of transaction
Automotive feeding industries to face troubled situation due to Covid-19 fallout
Several factories funnel their production to domestic spare parts market, says Tradeco’s El-Sayad
CBE imposes restrictions on cash transactions, penalty on contravening car dealers
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.
Auto sector anticipates car licence resumption to benefit from interest rate cuts
Shift to digital payments boosts car sales
Fiat’s endeavor to establish additional showrooms & after sales service centers
Labib stressed the need to provide the infrastructure for electric vehicles before starting its production in Egypt.
Fiat Chrysler opens more showrooms, service centres soon
By giving several incentives that incentivises car manufacture -most notably the abolition of customs expenses on components and parts imported from abroad- local investors can continue to compete with imported cars, he added.
Egypt needs a new production strategy to keep up with international auto industry
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.
Strategy for electric car manufacturing in Egypt imperative
Licencing and setting up charging stations needed before manufacturing
Egyptian market far from effects of Hyundai, Kia production suspension
2021 models most affected by Coronavirus, no increase in car prices in Egypt
Licencing fees exemption most important incentive for investment in electric cars
As for taxis and public transportations, electric cars will be the ideal choice for them, as they travel long distances daily. In addition, this would save operating and maintenance expense that affect the price of the tariff.
Removing customs on Turkish cars adds to the burden facing used car market
From October to December 2019, an unusual boom prevailed, especially with the decline in the prices of new cars, which was followed by a decline in the prices of used cars.
Car prices expected to continue downtrend in 2020
“Turkish cars” next year’s sales’ password
Automotive market anticipates impacts of eliminating customs on Turkish-origin cars
Turkish car prices expected to fall by 2.5% in 2020
Chinese cars receive hard hit after Egypt removes custom duties on Turkish cars
Chinese cars assembly in Egypt is a lifeline before custom exemptions negatively affect Chinese car sales, says Saad