Latest in Automotive Highlight
Latest in Automotive
Parliament’s Industry Committee ends discussions on the automotive strategy next week
Deputy head of the parliament’s Industry Committee, Mohamed El-Zeiny, said that the committee received memorandums of automobile manufacturers that have attended previous discussions with members of parliament (MPs) presenting their suggestions about the draft law of the automotive development strategy. He added that the committee held another meeting last week with some of the industry …
DNE test-drive 2017 Mazda 3
Advanced technological equipment and stylish interior
Increase of local components in automotive industry will harm production, marketing: Masrouga
The rehabilitation of manpower, research, and development are more important than developing factories
Hyundai, Kia, Chevrolet continue the price race
The month of February again saw price increases of nearly all major car brands
When does the scam come to light?
Talking about announcing the new automotive strategy has become like a scam. We have been talking for three years about the government’s strategy for the auto industry; many meetings and seminars were held to discuss its features. Despite the non-existence of an auto industry law in any country, the strategy later turned out to be …
Renault increases Morocco plant’s production to meet demand in Egypt, Tunisia, Turkey
French Renault announced that its Moroccan plants in Tangier and Casablanca have increased production in 2016 by 18% compared to 2015. Renault Morocco has exported its production to more than 73 countries in Asia, Europe, and Africa, totalling 303,000 cars, while the company aims to maintain growth in exports during 2017. The French carmaker added …
Top 10 bestselling cars in first 11 months of 2016
The first 11 months of 2016 witnessed price hikes taking over the market, pushing down sales volumes. Nissan Sunny became the most selling car in 2016, taking the title from Hyundai Verna, which remained on top of market sales across the first nine months of 2016. Nissan Sunny saw sales of 11,200 cars in the …
Automotive sector prepares memorandum on automotive industry strategy
Proportions of components in export incentive will increase to 100% instead of 25%
6 things to consider when applying for a car loan in Egypt
Here are few things you should consider while applying for a car finance scheme
Hyundai Verna leads Korean sales of 43,800 units
Korean cars’ sales in Egypt amounted to EGP 10.3bn during the first 11 months of 2016, with 43,800 units sold. Hyundai Verna remained at the forefront of the Korean car market in Egypt from January until November 2016, selling 10,000 units worth EGP 1.4bn, being the cheapest Korean car in Egypt. Hyundai Tucson came in …
Nissan New Sunny sells 11,100 cars for EGP 1.8bn
Nissan New Sunny maintained its lead of the sales of Japanese cars in Egypt, achieving sales of EGP 1.8bn between January and February 2016, recording more than 11,100 sold cars, making it one of the most popular Japanese cars in Egypt. Mitsubishi Lancer achieved sales estimated at EGP 1.5bn during the same period, occupying the …
Egyptian passenger car sales register EGP 35.3bn in first 11 months of 2016
Korean cars in the lead with a total of 43,700 units sold
Opel Astra snatches leadership from Renault Logan
Opel Astra managed to stay on the top of the list of sold European cars in Egypt during the first 11 months of 2016, as sold European cars together achieved sales of EGP 5.6bn with 17,800 units. Opel Astra was able to overtake Renault Logan, who was the top-runner in 2015, as Astra sold 3,468 …
Aveo retakes the lead from Lanos
The market of American passenger cars in Egypt achieved sales estimated at EGP 4.55bn during the first 11 months of 2016, with a total of 17,700 sold units. Chevrolet Aveo took the lead of the most sold American car in Egypt from its rival Lanos, as Aveo sold 3,595 cars between January and November, worth …
Automotive sector welcomes fixed price of customs US dollar
The decision enables working in accordance with clear plans without surprises, says Saad
Ghabbour Auto acquires 96.8% of Chinese sales
The monthly report released by the Automotive Marketing Information Council (AMIC) of November revealed that the Chinese car market recorded sales worth EGP 1.8bn, with 12,000 sold units from January until February 2016. Ghabbour Auto took over the market of Chinese cars, representing 96.8% of the market’s sales. The two brands Geely and Chery sold …
Increased car prices boost sales volume of Chinese cars
Sales of 12,000 Chinese cars; Ghabbour Auto acquires 96.8%
Decline in automotive spare parts sales
Sales of spare parts for cars fell by about 50% over the past two months, after the government’s decision to liberalise the exchange rate in November. Desouky El-Sayed, head of the Spare Parts Division at the Cairo Chamber of Commerce, said that the flotation of the Egyptian pound negatively affected importers and dealers of spare …
Future of Egypt’s automotive market is uncertain: merchants
50% decline in sales over the past three months, says Magdy
Nissan Sunny most sold car in Egypt during 2016
Nissan Sunny has become the most selling car in 2016, taking the title from Hyundai Verna, which remained on top of market sales across the first nine months of 2016. Nissan Sunny saw sales of 11,200 cars in the first 11 months of the year, while Verna dropped to second place with sales of 10,900 …
Automotive industry strategy postponed indefinitely
Automotive companies call the decision “catastrophic”
Automotive market starts 2017 with price increases across 131 models
The new year for the automotive industry has begun with price increases across 131 models from every famous brand in the automotive market. This rise in prices came amid new estimates set by car companies on the cost of imported cars and their components in US dollars after the Central Bank of Egypt’s (CBE) decision …
Ford to scrap $1.6 billion plant in Mexico as Trump targets General Motors
Ford has said it will cancel plans for a new plant in Mexico and instead expand a facility in the US.
20% increase in prices of motorcycles over 2 months
The customs exchange rate and foreign currency shortage has led to a decline in imports by 60%
European side did not object to automotive industry strategy: Bayoumi
The agreement allows both parties to impose an internal tax on all types of cars, says Bayoumi
Cairo Economic Court orders former Kia agent to pay EGP 34.6m to Banque Misr
The Cairo Economic Court ordered businessman Walid Tawfik, former importer of KIA Motors in Egypt, to pay EGP 34.6m to Banque Misr over debt settlement. The bank had filed a lawsuit several months ago in the Cairo Economic Court against Tawfik, demanding him to pay EGP 149m of debt, as well as 15% return until …
Pirelli to set up 2 service centres in Alexandria and Ain Sokhna in 2017
60% of the company’s production is exported, says Abdel Hamid
Pirelli, Wataniya Petroleum launch new service centre for tyres worth EGP 10m
“SuperTruck” is an integrated service centre which provides a full range of tyre services for buses, trucks, and passenger cars
Automotive sector values the successes of 3rd annual Egypt Automotive Summit
The automotive sector has expressed its appreciation for the third annual Egypt Automotive Summit organised by Business News in mid-December
Shell renews engine oils partnership for Ghabbour Auto cars
Shell Lubricants Egypt and GB Ghabbour Auto announced the renewal of their partnership, which stipulates Shell being the major and sole supplier of engine oils in the after-sales service centres of all brands affiliated to Ghabbour Auto, including Hyundai, Chery, Mazda, Geely, and Volvo and Mitsubishi for heavy transport. Chairperson of the board of directors …