Latest in Automotive Highlight
Latest in Automotive
Ghabbour rules out possibility of acquiring more dealerships in current period
GB Auto owns the dealerships of Hyundai, Mazda, Geely, Chery, and Karry
Ghabbour Auto inaugurates Margham centre in Alexandria with investments worth EGP 100m
GB Auto has inaugurated a new centre, called Margham, on an area of 25,000 sqm with investments worth EGP 100m in Alexandria. Raouf Ghabbour, chairperson and executive director of GB Auto, said that the centre’s buildings alone cost EGP 52,000, with a covered area of 3,000 sqm. He pointed out that nine new service centres …
Mercedes-Benz awaits new automotive strategy to reconsider local assembly: Zorn
Owners of Mercedes can enter authorised service centres at any time, says CEO
ECA detects monopolistic practices in Egyptian automotive sector
The Egyptian Competition Authority (ECA) has revealed the presence of monopolistic practices in the Egyptian automotive sector, leading to a significant increase in the prices of several models and categories of cars. ECA is currently conducting a study to examine the automotive sector in order to detect restrictions and different forms of monopolisation practiced by …
Chevrolet acquires 76.4% of US cars sold in Egypt over 7 months
Chevrolet dominated the top five places on the list for the most US-manufactured cars sold in Egypt over the first seven months of 2016. The carmaker sold 8,701 units, acquiring 76.4% of the US market that totalled sales of 11,400 cars. Lanos returned to the competition, recording sales of 2,041 units worth EGP 213. Aveo …
Passenger cars achieve EGP 18bn in sales in first 7 months of 2016
The automotive market struggled to move 84,400 passenger car units during the first seven months of 2016, with a total value of EGP 18bn. Korean brands maintained the top spots of the sales market, with the brands achieving sales of 28,300 units worth EGP 5.04bn between January and July, despite the 17.3% decline in sales …
Kia Sportage outperforms Opel Astra sales
Kia Sportage took the top spot from Opel Astra in sales of European-origin cars. Though headquartered in Seoul, South Korea, Kia Sportage is manufactured in Slovakia before it is imported to Egypt—therefore it is considered a European brand. The model registered sales of 2,379 units over the course of seven months worth EGP 666m in …
New Sunny tops sales of Japanese models with EGP 997.3m
Nissan’s New Sunny model registered sales of EGP 997.3m in the period between January and July, making it the bestselling model in the Japanese auto industry in the Egyptian car market. Mitsubishi sold 4,361 Lancer EX models at a value of EGP 784m, to place second in sales. Nissan sold 2,687 Sentra models at a …
GB Auto acquires 96% of Chinese-made car sales
Ghabbour Auto was able to acquire 96% of the Chinese car market in Egypt. Its two main brands, Chery and Geely, recorded sales of 5,777 units over the first seven months of 2016. The entire Chinese car market in Egypt achieved sales of 6,013 units over that same period, though the competition was limited between …
Brilliance to set up plant for local assembly, integrated service centres at cost of $84m: general manager
The company addressed the government to allocate the required land for the project
Proton withdraws from AMIC monthly report
The Malaysian brand Proton sold 158 cars in the first seven months of the year, with no sales in May, June, and July. The carmaker has stopped declaring its sales to the Automotive Marketing Information Council (AMIC) monthly report. Gen-2 sold the most units at 107 cars worth EGP 17m, followed by Persona selling 51 …
Hyundai dominates Korean car sales
Hyundai acquired 85.9% of the Korean automotive market sales in the first seven months of 2016, selling 24,300 cars out of 28,300 Korean-made cars sold in total. The carmaker was able to seize the top five spots on the list, outperforming its rival Kia. Hyundai Verna topped the sales list for the Korean carmakers. A …
EAFA looks forward to discussing auto industry strategy in parliament: chairperson
We urged the government to adopt an automotive project in cooperation with international companies, says chairperson of EAFA
Test drive: Hyundai Tucson on Ain Sokhna road
Powerful 130hp engine and 17-inch sports tyres make this model ideal for off-roading
Opinion: VW caught in the Dieselgate vortex
A year ago, Volkswagen had to admit it had rigged emissions in its diesel models in the US. Since then, the German carmaker has been fighting to win back lost confidence. A long road lies ahead, writes Henrik Böhme.
Kia Soul sells 485 vehicles in seven months
The Soul comes in 39th on the list for most traded cars in Egypt
BMW’s new e-car strategy
Amid stagnating sales of its battery-powered, lightweight ‘i’ models, BMW has had to admit its strategy for dominating the electric car market isn’t working. To change that, it plans to take a page from Tesla’s book.
Demand for e-cars and hybrids stagnates
Demand for alternative fuel vehicles in Europe remains stagnant. In the second quarter of 2016, new registrations only went up by 0.6 percent across the EU. That’s about 148,000 new e-cars spread across 28 member states.
Low supplies cause car prices to rise in September
Coinciding with September’s deliveries, further price hikes have swept across approximately 137 models from all the well-known brands in the automotive market, registering record highs as a result of the price increases companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes were registered for …
Car market loses 25% of sales during H1 of 2016
Hyundai, Chevrolet, Nissan are bestsellers
US car market boom faltering
The US automobile sector is struggling to maintain sales momentum, with most major car manufacturers reporting that they sold fewer vehicles in August, as reduced discounting kept customers from showrooms.
Dieselgate Down Under: Australian consumers sue VW
Australia’s consumer watchdog is suing Volkswagen for lying to customers. VW has previously admitted to installing defeat devices in diesel vehicles to manipulate emissions during lab tests.
Tyre prices increase by EGP 100-290, rim prices increase by EGP 440
Sales declined by 65%; global companies offer Chinese alternatives
Harley-Davidson launches Milwaukee-Eight engine
Harley-Davidson launched its Milwaukee-Eight engine motorcycles, in addition to all-new front and rear suspension for its 2017 touring motorcycle model line-up. “These are the most powerful, most responsive, and most comfortable touring motorcycles ever offered by Harley-Davidson,” said Scott Miller, Harley-Davidson’s vice president for styling and product development strategy. “The unmistakable look, sound, and feel of Harley-Davidson …
German cities bemoan loss of taxes from VW
Volkswagen HQ in Wolfsburg isn’t the only place where the consequences of the dieselgate scandal are being felt. Cities that host VW’s production facilities must also rejigger their budgets as VW pays fewer taxes.
30% increase in car battery prices over 3 months
The demand on local brands is sharply increasing, followed by Saudi and Korean brands
VW reaches tentative deal to compensate US dealerships
The embattled carmaker has reached an ‘agreement in principle’ to compensate its 650 US dealers which sued Volkswagen for damages in connection with its emissions-cheating scandal.
VW, suppliers strike deal to end legal battle
Ending marathon talks, German carmaker Volkswagen and two of its suppliers of crucial components have reached an agreement to end days of production disruptions at several VW plants across the country.
No new car for owner of defeat-device Audi
A regional court in western Germany has ruled that an owner of an Audi A4 with emissions-cheating software is not entitled to give back his vehicle and get a new car from the dealer instead.
Car dealers conceal inventory of new cars, raising prices by 20%
Egyptian Tax Authority investigates six companies over charges of evasion and selling cars at false prices, says Consumer Protection Agency chairperson