Latest in Automotive Highlight
Latest in Automotive
Abu Ghali Motors wins Alfa Romeo’s agency in Egypt
Fiat Chrysler Automobiles expands in luxury brand network: Francesco Monaco
Statement from Fiat Chrysler Automobiles Egypt (FCA Egypt)
Regarding recent articles pertaining to the Alfa Romeo network in Egypt, FCA Egypt would like to emphasize that all discussions and procedures have been conducted with complete transparency and coordination between all parties and is in line with the company’s plans to expand the brand’s presence in the Egyptian market. The company is currently in …
38% decrease in sold units in June, reaching 10,007 units
Demand on locally manufactured cars declines by 39.9%, imported cars by 49.2% during H1 2017
Consumer Protection Agency in dispute with Bavarian Auto Group
The agency referred the company to the Public Prosecution over several accusations
Car prices continue climbing in August
July ended, and August began, but the expectations of distributors and dealers in the auto market remained mere inc as no prices have gone down as predicted. Even worse, several companies raised their prices in late July and August by over 8% compared to the beginning of July. Among the companies that raised prices are …
Industry Ministry plans to use German experts to develop new automotive industry strategy
Egyptian Auto Feeders Association (EAFA) refuses to hire foreign experts, describing the step as “a waste of time and money”
Smart transportation companies follow their costumers to North Coast
BUSEET launches new line in the North Coast, Uber launching car rescue service competing with Careem’s Tuk-Tuks and golf carts
Automotive companies promote themselves in North Coast
Kia, BMW, and Toyota are the most prominent signs announced
MTI ‘flirts’ with its customers in Porto Marina
MTI, the exclusive agent for Jaguar and Land Rover in Egypt, has organised a driving test for the company’s customers and media professionals over the last three days to try the company’s products for 2018, which will appear for the first time during this event. The company has organised the driving test on all its …
SAIC Motor ranks 41st on Fortune 500 list
SAIC Motor has ranked the highest on the list of the Fortune 500 magazine for the most important global companies. This is the 13th consecutive time the company makes the list. The company ranked 41st on the magazine’s list, with sales revenues of $113.86bn for fiscal year (FY) 2016. SAIC Motor is considered the largest …
Agents break expectations of distributors, traders by raising prices during July
Nissan, Chevrolet, and Toyota are the leading companies
Hyundai launches all-new Sonata, 6th generation of Azera in Middle East
Hyundai seems aiming to acquire a bigger share of Middle Eastern market of large and midsize sedan cars, through launching the all-new Azera and Sonata, which come with a dramatic new style that gives the brand a boost in showrooms during the transition period until 2018. In May, the Korean manufacturer introduced the 6th generation …
Fuel price hikes drive consumers to switch to gas instead of gasoline
The switch will save EGP 500 per month at an average use of 10 litres of gasoline 80
Nissan Motors Egypt opens 42nd branch in cooperation with El Sabaa automotive
In cooperation with El Sabaa Automotive, Nissan Motors Egypt opened an after-sale service centre in Al Shorouk City.
Temporary auto price cuts expected until late August
The offers made by companies are an opportunity to be seized: El Sabaa
Egypt automotive market under pressure amid elevated inflation, high borrowing costs
Vehicle prices on the rise despite lower demand, says BMI Research
Interest rates stir new wave across auto market
70% of sales depends on loans, demand on used cars increased
AOI and Toyota Egypt launch production line for “Fortuner”
47% local manufacturing, plan to increase it: Seif El Deen
Fuel subsidy cut does not affect car sales: experts
95 gasoline is the best economically for popular cars on the long term: Masrouga
Car sales fell by 45% in May
Expectations of further decline in sales due to increase in interest rate
Car prices unchanged in July except Hyundai, Nissan, Chery
Car companies maintained their prices in July, except Hyundai, Nissan, and Chery. The increases of the three companies ranged between 1,500 and 11,000. For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Auto companies expect that the sector’s sales will fall as …
Geyushi Motors wins Chinese FAW Group agency
Geyushi Motors has signed a cooperation agreement with FAW Group, the largest company owned by the Chinese government, announcing Geyushi Motors as the exclusive agent of the Chinese brand in Egypt. The ceremony was attended by Mohy El-Din Geyushi, chairperson of Geyushi Motors; Wang Zitian, general manager of FAW Group; Song Iqwa, Chinese ambassador to …
Record EGP 9.4bn of personal vehicles sold in Egypt in 4 months
The auto market recorded EGP 9.4bn in sales in the first four months of 2017, selling more than 26,000 units, a 42% decrease compared to the 44,900 units sold in the same period last year. Japanese brands topped total car sales at a total of roughly 11,800 cars from January until the end of April …
Egypt’s first ladies team takes part in automotive championship finals
Ssang Yong team is the champion of Shell Egypt Automotive
Automotive companies offer proposals to amend automotive strategy
Divisions within Transportation Division on the suggestions, says Allam
Automotive companies expect further decline in sales because of increase in interest rate
70% of customers tend to buy through banks, 30% pays in cash
Daily News Egypt test-drives Hyundai Elantra AD
Strength, stability on Cairo-Sukhna road
Decline in demand of locally manufactured, imported cars by 50%
43% decline in February: 6,500 units sold
Industry ministry to form a conflict-solving committee for auto companies
Committee includes the Industrial Development Authority and the transport and feeder industries divisions
Automotive companies offer no price cuts in Ramadan
For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …