Latest in Automotive Highlight
Latest in Automotive
Mercedes Benz launches three new models in Egyptian market
Mercedes Benz has launched the new generation of its compact cars in the Egyptian market, including the new generation of the GLA, CLA Coupe, and CLA Shooting Brake. CLA Shooting Brake is one of the newest luxurious cars in the local market and is expected to set a new definition for its class, thanks to …
German and Egyptian automotive feeding industry companies will meet in Berlin in September
Andreas Hergenröther, the chief executive of the German-Arab Chamber of Industry and Commerce, revealed that the chamber arranged 10 meetings between the Egyptian and German companies during the second half of 2017 in many industrial and investment sectors. He said that one of these meetings will be in September in Germany between the automotive feeding …
CBE-auto industry committee submits final report to CBE Governor next week
The committee suggests the abolition of intermediary companies between the investor and the government when obtaining lands, says Khaled Saad
Egypt Automotive, Shell to launch Ramadan tournament for automotive sector
Egypt Automotive and Shell Oil prepare to launch the first Ramadan football tournament for the Egyptian automobile sector, which will start on 7 Ramadan at the Olympic Stadium in Maadi. For the first time, 16 teams from different car companies will meet to compete for three weeks at the Shell-Automotive tournament, Mohamed Aboul Fotouh, CEO …
Our investments amount to EGP 50m, says Nawara
We contracted with Honeywell to use Bendix trademark in Egypt and North Africa, says Nawara
European automotive market experiencing huge suffering in 4 year
The sales of European cars declined to their lowest pace in four years last month due to lower purchasing power and tax changes in Britain. Bloomberg News Agency reported that some companies, including Volkswagen and Ford, lost their share in the European market to Fiat Chrysler and NF automobiles, which attract customers with their distinctive …
Sales of high-priced cars exceed sales of middle-class cars
Cars worth more than EGP 2m registered more sales than middle-class cars worth around EGP 150,000. This reflects the reluctance of the middle class to buy cars during a phase of economic uncertainty and turmoil, while the richer segments of society of course do not have to pay much attention to their expenses. The positions …
Tiggo bestselling Chinese car in Egypt in Q1 2017
The Chery Tiggo sold 568 vehicles between January and March, with a value of EGP 119.3m, toppingall Chinese brands. The Tiggo is one of the most popular Chinese cars in Egypt. The Geely Emgrand 7 occupied the second spot, with sales of 201 units, at a value worth EGP 24.5m, while the Chery Envy occupied …
Sales of passenger cars in Egypt valued at EGP 7.15bn during Q1 2017
The automotive market achieved sales of EGP 7.15bn during the first quarter (Q1) of 2017, as more than 19,700 units were sold—a 46.5% decrease in comparison to the same period last year, which saw the sale of 33,000 units. Japanese brands topped the list, with sales of 9,300 cars from the beginning of 2017 to …
Verna sells 864 cars in three months
The Hyundai Verna topped the sales of Korean cars in Egypt in the first quarter (Q1) of 2017, selling 864 units for EGP 125.2m.The Verna is considered the cheapest Korean car in Egypt, with its parts locally assembled in Ghabbour Auto’s factory. The Kia Cerato came in second place, with sales of EGP 239.9m and …
Opel Insignia tops European car sales in Egypt
The Opel Insignia has topped the market for European cars in Egypt during the first quarter of this year, with 526 units sold for EGP 294.5m. The Opel Astra came second with 525 sold cars for EGP 188.9m, followed by the Renault Duster in third place, with EGP 130.8m in sales and 429 sold units. …
Nissan tops Japanese car sales in Egypt
The new Nissan Sunny was able to remain atop the list of most sold Japanese cars in Egypt throughout the first quarter of this year, recording sales of 2,806 units for EGP 555m. Nissan Qashqai came in second place, with 1,648 sold cars for EGP 618m, followed by Nissan Sentra with 1,549 sold units for …
574 Optra vehicles sold in Q1
Chevrolet Optra topped the sales of American cars in the first quarter (Q1) of 2017, achieving sales of 574 units with a value worth EGP 120.5m. The Ford Focus followed the Optra, with 434 units sold at a value of EGP 138.8m, followed by the Chevrolet Lanos, which occupied the third position in the list …
Test drive of Mercedes E180 on Cairo-Alexandria desert road
Steady at maximum speed of 223km/h
Automotive market lost 46.5% of its sales during Q1 of 2017
Domestic product sales declined 45.8%, while import sales declined 47%
Nissan, Hyundai, Renault, Chery, and Opel witness price hike in May
The prices of Nissan, Hyundai, Renault, Chery, and Opel have seen an increase of up to EGP 30,000 due to the recessio0n experienced in the Egyptian market, while other companies managed to stabilise their prices in May. Despite the sale offers made by automotive companies in February and March, car sales declined by 46.5% in …
DNE tests performance of Jeep Renegade
Daily New Egypt has done a test drive of the 2017 Jeep Renegade to get a closer look at its performance and strength.
Nile Trading and Engineering to move Honda Egypt to Cairo-Ismailia Desert Road in Q3
The new centre’s capacity is 60 cars per day, and the company will launch a new model within a month
AXA launches “Auto GO” supplemental insurance policy for cars
AXA Insurance Company launched a supplemental insurance policy for cars called “Auto GO”. Gilbert Chahine, deputy CEO of AXA Egypt, said that his company started selling the new supplemental insurance policy this week. AXA had previously offered supplemental insurance policies for transportation companies, but the new Auto GO policy is allocated for individuals. Chahine told …
Ford offers 2 grants worth $15,000 for environmental projects
Ford Motor Company handed over two financial grants worth $15,000 to support two environmental projects in Egypt: the environmental education project in Giza and the project working with the fishermen of South Sinai to preserve coral reefs. The non-governmental organisation Toraseyat had submitted its project within the environmental education category, with a focus on air …
Top 10 best selling cars in Egypt in January and February
Daily News Egypt is publishing the list of 10 bestselling cars in January and February, amid price hikes across the market, which caused sales to drop. The Nissan Sunny was the top selling car during the two months, replacing the Hyundai Verna, which topped the list in the first nine months of 2016. The Nissan …
GIT to establish car ceiling production line with EGP 3m investments
The company is negotiating with Volkswagen to start exporting car mats, says Mansour
Car market expected to lose 40% of sales in H1 2017
Companies being forced to import 2018 models will likely raise prices further
ElMasria Auto denies chairperson fled after raid
ElMasria Auto Company issued a statement in response to a report published by the media and newspapers about raids on the company’s branches and the fleeing of its chairperson after security forces broke into his house. The company emphasised that what has been published on some media channels about the raid by the tax evasion …
FAMCO acquires Iveco Trucks in Egypt
Al-Futtaim Auto and Machinery Company (FAMCO) has acquired Iveco, the leading Italian brand in the field of manufacturing heavy trucks in Egypt. Al-Futtaim works in six countries in the region, with more than 30 brands. FAMCO provides several major sectors with a group of products, including buses, trucks, construction equipment, storage, energy generators, industrial equipment, …
EGP 10,000 discount on Nissan Sentra
Nissan adjusted its models’ prices and reduced the price of the New Sunny by EGP 5,000, so the starting price is now EGP 188,000 for the class A. Nissan also applied discounts to the price of the Nissan Sentra by EGP 10,000, to register EGP 255,000 for the class A, while the price of the …
Kia cuts prices of all models except Carens and Carnival
A state of volatility in the prices of Kia models began at the end of March. The company offered a discount of up to EGP 50,000 at the beginning of the month, before raising the prices again at the end of it. Yet, in April, the carmaker decreased the prices of all its models, except …
Ford keeps its prices unchanged
Ford decided to keep its prices unchanged, maintaining the same rates of February and March throughout April, with a slight increase in the price of the Ecosport, which saw an increase of EGP 4,000 to reach EGP 358,000. Ford had raised its prices three months ago. The price of the Fusion was raised by EGP …
Hyundai prices go up again, other carmakers offer discounts
Hyundai decided to raise its prices again, following a period of discounts that lasted throughout last month and the first week of April. The carmaker suffered a sales drop in February, marking only 159 units compared to 3,439 units sold in February 2016. Car dealerships and distributors have started offering discounts as their sales have …
Aveo prices start at EGP 173,600, Lanos at EGP 150,200
Chevrolet decided to lower its prices, where the carmaker decreased the price of the Aveo by EGP 10,000, to settle between EGP 173,600 and EGP 182,700. As for the Optra, the prices were lowered by EGP 13,000, to begin at EGP 209,000. The price tag on the Lanos was lowered by EGP 5,000, to start …