Latest in Automotive Highlight
Latest in Automotive
VW hopes for breakthrough in row with suppliers
German carmaker Volkswagen has confirmed it’ll hold more talks with two suppliers of components.
Supplies row forces VW to cut hours at several plants
Volkswagen is planning to cut working hours at its core factory in Wolfsburg and two other German plants amid a supplies shortage caused by parts makers refusing to stick with delivery commitments.
Fiat Professional launches Fullback 1-tonne pick-up in Egyptian market
The “work hero” is designed to meet the real needs of professional customers and to face the requirements of daily life
Continental sees major potential for growth in Egyptian market: managing director
“The prospective opportunities for us to expand our business in the Middle East are truly significant,” says Continental Middle East’s managing director José Luis de La Fuente
10 models make up 50% of Egypt’s car sales in 6 months
Daily News Egypt created a list of the 10 top-selling cars in the Egyptian market in the first half of 2016. Those 10 passenger car models sold 33,200 cars from January to June, representing 47% of the total sales of 70,800 units in the six months. The locally manufactured Hyundai Verna topped the list, achieving …
Automotive companies advertise their models, services in the North Coast
While people flock to the coastal cities to take advantage of the summer months, automotive companies are also looking to take advantage of the summer season to promote their cars and after-sales services. Daily News Egypt is taking a look at the direction automotive companies are moving in, including Kia, Toyota, BMW, Renault, and Nissan. …
Mercedes-Benz reaffirms commitment to Egypt, denies receiving dealership requests
Journalist claims Mercedes-Benz plans to exit local market; company response ensures commitment to Egypt
Chevrolet acquires 76.3% of most US cars sold in Egypt over six months
Chevrolet dominated the top five places on the most US-manufactured cars sold in Egypt list over the first half (H1) of 2016. The carmaker made sales of 7,191 units, acquiring 76.3% of the US market that totalled sales of 9,418 cars. Cruze was the top selling US-made car in Egypt, selling 1,842 units worth EGP …
New Sunny tops Japanese model sales with EGP 822m
Nissan’s New Sunny maintained its position as the best-selling Japanese car in the first six months of 2016, selling 6,636 units at a total value of EGP 822m. Mitsubishi Lancer EX came in second place with sales of 3,761 cars at EGP 658m, followed by Nissan Sentra with 2,393 units valued at EGP 386m. …
GB Auto tops Chinese car sales with 97.3% of the market
GB Auto topped the list of bestselling Chinese cars in the Egyptian market with 97.3% of the total Chinese-manufactured auto market. The competition over the market share was between Geely and Chery. The two brands, Geely and Chery, made sales of 4,875 units over the first half (H1) of 2016, out of a total of …
1,996 units of Opel Astra sold in six months
Opel Astra maintained its position in leading sales of European cars in Egypt between January and June, registering sales of 1,996 units worth EGP 495m. During that period, Kia Sportage—manufactured in Slovakia—recorded the second highest sales with 1,941 sold units worth EGP 543m, followed by Peugeot 301, which recorded sales of 1,191 cars worth EGP …
Proton sells 158 cars during first 6 months of 2016
The Malaysian brand Proton sold 158 cars in the first six months of the year, with no sales in May and June, achieving sales estimated at EGP 25.2m. The most sold unit was Gen-2 with 107 cars worth EGP 17m, followed by Persona with 51 cars sold worth EGP 8.1m.
Motor oil prices increase by 4%, filters by 10%
The prices of automobile oil have increased by 4% in the past few days, and the price of passenger car filters have increased by 10%, both resulting from the increase in the US dollar exchange rate—which affects importing the requirements for production. Sales director at Al Barkah International Ltd for automobile oil trade, Ahmed Mohamed, …
Passenger cars achieve EGP 14.8bn sales in H1 2016
The automotive market struggled to sell 70,800 units of passenger cars during the first half (H1) of 2016, with a total value of EGP 14.8bn. Korean brands maintained the top spots of the sales market, with the brands achieving sales of 23,100 units worth EGP 4.1bn between January and June, despite the decline of sales …
Verna leads sales of the Korean market in H1 2016
Hyundai acquired 85.9% of the Korean automotive market sales in the first half (H1) of 2016, selling 19,900 cars out of total sales of 23,100 Korean-made cars. The carmaker was able to seize the top six spots on the list, outperforming its rival Kia. Verna topped the sales list of the Korean carmakers. A total …
Car sales fall by 32% during first half of 2016
Hyundai is competing against Chevrolet to top the best-sellers list and Nissan comes in third
Sales shrink due to pricing difficulties
Several car dealerships kept their prices unchanged from July to August, despite the turmoil that hit the automotive market when the US dollar exchange rate rose above EGP 13. Other companies chose to temporarily raise their prices. Distributors and traders also raised the prices to counter the increasing cost of imports. Chairperson of El-Saba Automotive …
Dieselgate cheating costs VW 5.5 million euros in Italy
Italy’s antitrust regulator has fined Volkswagen 5 million euros for its Dieselgate software manipulation. VW has admitted to installing software to circumvent pollution standards in millions of diesel cars.
Increase of US dollar exchange rate supports chances of exporting MCV buses: Ghabbour
The group is targeting to export 150 hybrid buses to London this year
Car companies halt sales, adjust pricing policies
The government should set a special US dollar price for car imports, says EAMA executive director
Mercedes announces huge investment in Hungary
German luxury carmaker Mercedes-Benz has said it’s planning to invest heavily in a new factory in Hungary. The plant will create thousands of new jobs and produce a variety of models in the auto maker’s product palette.
Nissan GT Academy season II officially begins in Egypt, Morocco, Algeria
Nissan’s GT Academy and PlayStation® are proud to announce the kickoff of live events in Egypt running from 21 July to 15 August. Tonight’s first kick-off will take place at Porto Marina, North Coast. Last week, Nissan celebrated its second year of GT Academy’s success at the opening ceremony in Marrakesh. GT Academy’s first phase …
Robust sales help VW ride out Dieselgate
German carmaker Volkswagen has reported a rise in sales and operating profit, indicating the company’s dieselgate legacy is manageable. The firm also set aside more money to cover future litigation costs.
Chevrolet acquires top 5 sales rankings of US-made cars in Egypt
Chevrolet kept its lead on the sales of cars manufactured in the US in Egypt, seizing the top five spots on the list over the course of the first five months of this year. Cruze was the top selling US-made car in Egypt, selling 1,675 units worth EGP 316.5m. New Optra came in second, having …
Chery Tiggo tops Chinese cars over Geely Emgrand 7
Chery Tiggo topped the list of bestselling Chinese cars in the Egyptian market over Geely Emgrand 7, which previously occupied the top spot for 16 months. Tiggo registered sales of 1,563 cars at a value of EGP 243m, during the period between January and May. Chery models were released into the market through its agent …
Hyundai continues to outperform Kia
Hyundai car models occupy the top seven best-selling cars of Korean origin, outperforming Kia, which ranks further down on the list. Hyundai Verna has maintained its position as the best-selling Korean car from January to May, selling 5,938 cars worth a total of EGP 611m. Hyundai Tucson ranked second with 3,466 cars sold, worth EGP …
Car prices on the rise by 2-7% alongside application of VAT
AMIC chairperson demands that the government issue the executive regulations of the VAT law to prevent unreasonable price rises A
New Sunny tops Japanese model sales
Nissan’s New Sunny maintained its position as the best-selling Japanese car in the first five months of 2016, selling 5,451 units at a total value of EGP 675m. Mitsubishi Lancer EX came in second place with sales of 3,073 cars at EGP 537m, followed by Nissan Sentra with 2,151 units valued at EGP 347m. Toyota …
Proton sells 158 cars during first 5 months of 2016
The Malaysian brand Proton sold 158 cars in the first five months of the year without any sales during May. Gen-2 sold the most units at 107 cars worth EGP 17m, followed by Persona selling 51 cars worth EGP 8.1m. Proton sold 158 cars during the first four months of the year, achieving sales estimated …
EAFA presents automotive factory’s establishment project to presidency
The Egyptian Auto Feeders Association (EAFA) presented a project to the presidency which would see the establishment of a factory for the manufacture of export-ready Egyptian cars, chairperson of the association Ali Tawfik said. This comes after the cabinet and the Ministry of Industry expressed an interest in the project. The project aims to establish …