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.
Zamzam Mostafa
20 Articles
Latest by Zamzam Mostafa
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
Despite dispute, Egypt-Turkey FTA remains valid
The source said all Egypt’s imports from Turkey will be fully exempted from customs by the beginning of 2020, explaining that only a supreme sovereign body can suspend or cancel such agreements.
Porsche opens all new service centre and releases the 2020 Cayenne
Ghattas said that the facility is the first electrical ready facility in the region and equipped with the necessary infrastructure for charging stations, preparing for the arrival of “the first fully electrical Porsche.”
AOI negotiates with 11 international car companies to convert vehicles to natural gas
First Egyptian gas-powered micro bus to be revealed next June, says Tarras
Latest developments in automotive market, including car pricing mechanism
The seminar was attended by Chairperson of the Egyptian Automobile Dealers Association, Osama Abou El Magd, and a member of the Automobile Dealers Association, Montaser Zeitoun, and Gamal Askar, an automotive expert.
Total loss cars to be only sold through auctions
Value of compensation set according to market value, value of insurance policy
High car sales expected after activation of price control committee, interest rate cuts: experts
The committee also organises supervisory campaigns nationwide, in coordination with various concerned authorities, to ensure that traders abide by legal controls, and to control cases that constitute harmful practices to the consumer, tax evasion, or other offenses that constitute crimes during the course of their work.
Experts believe Egypt can localise freight transport trucks, railway carriages industries
Deputy Head of the Chamber of Engineering Industries (CEI) affiliated to the Federation of Egyptian Industries (FEI), Abdel Moneim El-Kady, said that domestic manufacturing of trucks in Egypt is not a hard task, given that Egypt is fully qualified to manufacture trucks instead of assembling them.
Developing solid local feeder industry needs mass production
The automotive sector has recently been through several developments and decisions, which led to a leap in the domestic industry. The Egyptian government has taken various initiatives in an effort to create a strong automotive industry.
Automech Formula to launch September 18
Electric cars most prominent player in next session of Automech Formula: Khafagy
Automotive Division discusses sector crises
The General Federation of Chambers of Commerce in Cairo held a conference on Wednesday for the Automotive Division, which was attended by Omar Belbaa, Head of Division and Head of Belbaa Trading and Import Company; Wael Tarek Ismail, chairperson of Al Tareq Company for Trading, Importing and Distribution of Cars; Amr Hassan Sulaiman, chairperson of …
BMW first brand to officially launch electric vehicles in Egypt
The Bavarian Auto Group (BAG), BMW and Mini’s exclusive dealership in Egypt, became the first brand to launch electric vehicles (EVs) in Egypt. BAG completed the preparations to introduce a new generation of cars to keep pace with international markets. The most prominent preparations made by the group for customers are the completion of the …
Conflicting views in automotive sector about Consumer Protection Law’s regulations
Experts and workers in the automotive sector in Egypt had conflicting opinions on the executive regulations of the Consumer Protection Law No. 181 of 2018, which was issued by prime minister in early April. The law provides the right for customers to replace or return any item without giving any reasons or bearing any expenses …
Dershal celebrates first conversion of diesel car into electric vehicle
Dershal Company for the manufacture of batteries for electric cars celebrated the conversion of the first diesel car into an electric car on Sunday, at the company’s engineering headquarters in Wadi Houf. The ceremony was attended by the President of Dershal Company, Hassan Dessouky; the Chinese ambassador to Egypt, Song Aiguo; the Chinese Commercial Attaché …
CBE interest rate cut won’t benefit automotive market: experts
Decline was limited, will not stimulate car sales, say banks
In the shadow of stagnation, Egypt imposes notary fees on cars
90% of sales in used market is conducted through power of attorney, say traders
Electric cars in Egypt: need to cope with global market or social significance?
Egypt unprepared, there is no infrastructure, experts warn