Latest in Tag: Automotive Highlight
Latest in Tag: Automotive
Additional postponement on part of customers affected sales
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have signed a Memorandum of Understanding (MoU) for the financing and promotion of Africa’s automotive industry.
Automotive sales reach 213,200 units in 2020, registering strong surprise recovery
Production lines to be improved from China with investments of EGP 1bn
Model features 1200 cc with 130 hp and 8 gear transmission
Closure of some car factories abroad due to coronavirus will lead to decline in Egypt’s car imports by 10%-20%: Brilliance Bavarian official
New model was launched at price of EGP 210,000
Chairperson of the Egyptian Automotive Dealers Association, Osama Aboul Magd, has said that the used car market will face stagnation during the coming period.
No further extensions to e-sticker installation deadline expected: Egyptian Automotive Dealers Association Chairperson
Egypt-UK Association Agreement will ensure that the prices of cars coming from the UK will not be affected by Brexit.: El-Sabaa
With over-pricing an issue of debate in Egypt’s vehicle market, it can be difficult for potential customers looking to purchase new cars to decide what best option suits their needs. Daily News Egypt has identified the six lowest priced cars available in the domestic market, with prices ranging from EGP 125,000 to EGP 169,000.
Egypt’s first “Go Green Exhibition”, highlighting the conversion of vehicles to clean energy and replacement technologies, will kick off on Monday at the Egypt International Exhibition Center (EIEC).
Egypt aims to replace 70,000 old vehicles in 2021, with further 180,000 cars expected to be replaced during 2022, 2023
The Egyptian auto market has escaped from an expected price hike wave in cars and spare parts coming from the United Kingdom as the country’s exports after Brexit no longer enjoy 0% customs under the European Partnership Agreement. Alaa El-Sabaa, Chairperson of Elsaba Automotive and member of the General Automobile Division at the Federation of …
Consumer reluctance to buy vehicles is fuelled by surge in prices
Company plans to open new service centre in Mansoura at beginning of 2021, with investments of EGP 8m
The country’s automotive sector is currently witnessing many developments, particularly relating to electric vehicles, as part of the government’s drive towards using greener fuels.
GB Auto market shares landed at 18.5% during August 2020
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.
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
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.
Egypt’s automotive market unlikely to return to pre-coronavirus levels before August 2020, says Kayan Chairperson
Local assembly does not face global supply chains disruption problems
Several factories funnel their production to domestic spare parts market, says Tradeco’s El-Sayad
Reducing production and cutting out certain markets can offset losses: Kayan
4% increase in non-oil exports during January, says minister of industry
Under the patronage of Prime Minister Mostafa Madbouly, the 6th annual Egypt Automotive summit will be held in Cairo on 10 December in the presence of the Ministries of Industry and Trade, Finance, Military Production, and Public Enterprise Sector.
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.