Latest in Automotive Highlight
Latest in Automotive
Jeep models dominate 4×4 specialist Readers’ Choice Awards with five top honours
Construction growth eases slowdown in automotive sector, bus sales affected by tourism hiatus
Ibrahim possesses a distinguished international experience exceeding 28 years in the automotive field inside and outside Egypt.
Lexus vehicles feature progressive design, dynamic performance, and innovative technology
Chinese carmaker partners with Egypt’s oldest auto manufacturer to produce 25k electric cars annually
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.
New car models like Opel Ingenia, and Peugeot 301 and 3008 to be delivered in July, says Ahmed Ghorab
GB Auto market share declined to 13.9%, down from 19.5% in April
Mercedes-AMG brand has achieved much success in sports car world, establishing it as unique high-performance brand
Recent sales plunge forced companies to reduce traditional marketing campaigns in favour of online marketing campaigns, says Auto Group
Sheer engine power and interior comforts make the German brand’s latest model a must-have and luxurious drive
Now is the time to buy new cars despite uncertainties surrounding the future, says GB Auto’s Drive
Car sales nationwide have been negatively impacted by curfew and the halt licensing new vehicles between 19 March and 24 April.
This entails the following updates on prices: the first category M/T Baseline is now priced at EGP 172,000 instead of EGP 169 000; the second category A/T Baseline is EGP 192,000 instead of EGP 189,000; and the third category A/T Highline is EGP 206,000 instead of EGP 203,000.
More people will buy cars to avoid possible infection in public transport
Egypt’s automotive market unlikely to return to pre-coronavirus levels before August 2020, says Kayan Chairperson
No intention to assemble Largus in Egypt, says Soliman
Automotive companies must switch from traditional to digital marketing to deal with social, economic changes due to COVID-19, says El Naggar
Car prices slashed across the sector as automotive sector feels the pinch in consumer pockets
Used car sector dealers generally positive despite global pandemic
The car is a continuation of the Grand Coupe concept which has already achieved success in the premium compact vehicle class.
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.
Company’s March market share declines to 17.2%, passenger car sales rose 16.5% y-o-y, but decline 10.4%
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
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