Used car sector dealers generally positive despite global pandemic
Latest by Zamzam Mostafa
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
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.
Licencing and setting up charging stations needed before manufacturing
2021 models most affected by Coronavirus, no increase in car prices in Egypt
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.
“Turkish cars” next year’s sales’ password
Chinese cars assembly in Egypt is a lifeline before custom exemptions negatively affect Chinese car sales, says Saad
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.
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.”
First Egyptian gas-powered micro bus to be revealed next June, says Tarras
Value of compensation set according to market value, value of insurance policy
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.
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.
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.
Electric cars most prominent player in next session of Automech Formula: Khafagy
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 …
90% of sales in used market is conducted through power of attorney, say traders