Careful inspection of cars prior to purchase is necessary to ensuring its good quality: experts
Latest by Zamzam Mostafa
Instructions are to ensure customers can access their rights to know vehicle prices, says CPA official
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Parallel car market actually created by agents, through which more cars are imported, says Kayan Chairperson
Government needs to increase natural gas stations, to keep pace with nationwide CNG conversion, says Amr Suleiman
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
State can make good use of auto parts, vehicle frames of scrapped cars, auto expert
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.
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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.
Recent sales plunge forced companies to reduce traditional marketing campaigns in favour of online marketing campaigns, says Auto Group
More people will buy cars to avoid possible infection in public transport
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.
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
Several factories funnel their production to domestic spare parts market, says Tradeco’s El-Sayad
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.
Shift to digital payments boosts car sales
Labib stressed the need to provide the infrastructure for electric vehicles before starting its production in Egypt.
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.
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.
Licencing and setting up charging stations needed before manufacturing
2021 models most affected by Coronavirus, no increase in car prices in Egypt
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.
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.
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Chinese cars assembly in Egypt is a lifeline before custom exemptions negatively affect Chinese car sales, says Saad