Latest in Automotive Highlight
Latest in Automotive
Car factories in Europe remain open, import quotas fixed: Naggar
Domestic market concern has come on the back of repercussions of novel coronavirus (COVID-19)
21 November deadline for installing electronic Traffic Department sticker
Hammad added that, whilst the old licence was delivered, the new licence can be obtained with the same e-sticker attached, which can be installed on the vehicle by traffic unit specialists.
Nasr City used car market faces move, EGP 400m redevelopment: Executive Director
Market closed in March due to COVID-19
Egyptian automotive market witnesses 21.57% growth in 9M 2020
The growth was driven by passenger car sales, which rose by about 23%, to record 107,617 units sold, compared to 87,272 units during the comparison period. The data was released in a report issued by the Automotive Market Information Council (AMIC).
Auto Dealers to hold expanded meeting on ‘Over Price’ phenomenon
Among discussions on several other issues facing the sector, the association will also look into finding solutions to the issue of overpricing on vehicles.
GB Auto’s Rseedy obtains first e-wallet licence in Egypt
The entity will work in cooperation with saib Bank, with an announcement regarding the new services expected to be made this week. As previously announced, GB Auto aims to integrate Rseedy within its current NBFS platform, as the company recently also obtained licences for nano-finance, micro-finance, and consumer finance services
Egypt’s car market once again threatened by second COVID-19 wave
Auto sector will not be affected, unless world car factories are completely shut down
Egypt’s auto parts market sees calm demand despite discounts
Value of Egypt’s car imports reach $6bn per year, says Cairo Chamber of Commerce Official
German Auto Service opens new showroom in Cairo
A number of senior government and auto industry officials took part in the opening ceremony, in addition to a group of prominent businessmen in the field of vehicle manufacturing and assembly.
European car sales witness 1.1% y-o-y increase during September in EU, EFTA
The increase saw 1.3 million cars sold across the European Union (EU), the UK, and European Free Trade Association (EFTA) countries.
Used cars see rising popularity in Egyptian market, with Korean brands taking sales lead
Careful inspection of cars prior to purchase is necessary to ensuring its good quality: experts
Kayan Egypt launches new Seat Tarraco aiming to lead SUV market
The 2021 Seat Tarraco model can safely call itself the first fully German-made, seven-seat SUV to be launched on the domestic market.
Nissan launches all-new Juke model with dynamic, sporty coupe design
This generation is considered the most youthful of the model, and has won worldwide approval due to the shape and size of the car. It presents a frog-like design, featuring a small front and larger back.
Egypt CPA issues instructions on vehicle pricing to protect consumers
Instructions are to ensure customers can access their rights to know vehicle prices, says CPA official
Egypt’s presidential facilities in auto sector attract investments
Customs incentives whet investor appetite in auto sector
Mercedes-Benz presents new E-Class range
The E-Class range now includes the new E200 AVANTGARDE, E300 AMG and the class leading E300 EXCLUSIVE. Mercedes-Benz Egypt has also extended the range to dream cars status, to include the new E200 AMG Coupé and E200 AMG Cabrio.
Mercedes-Benz introduces all new GLA
New GLA model now offers more character, added space, and safety
Drive receives preliminary approval for financing licence
These activities will run beside the company’s auto loans segment, to widen and deepen GB Auto’s exposure to various market segments.
Removal of safety features to reduce prices stirs controversy in Egypt auto market
We launched cars without airbags to meet all customers’ needs, says GB Auto
Kia Motors accelerates business transformation into leading EV brand
Korean brand reveals first stage of future product plans, including seven new dedicated BEVs that will be launched by 2027 across several vehicle segments
EIT launches Kia Sportage 2021 starting from EGP 399,900
The Kia Sportage comes with a drive system consisting of a four-cylinder 1.6 engine, a strength of 140 hp at 6300 rpm, and a top speed of 180 km/h for the first three categories. The fourth category boasts 170 hp and 201 km/h with an all-wheel drive system.
GB Auto becomes authorised distributor of Goodyear tyres in Egypt
Regarding the near-term financial impacts, Naeem Research expects the new agreement will contribute an incremental EGP 200m in revenues to Egypt’s tyre segment, but with higher margins as it is a premium product.
Nissan launches all-new second generation Juke model in Egypt
The updated model features a sporty coupe design, a larger and more spacious interior than the car model’s first generation, and many noticeable technologies and features.
MSMEDA grants EGP 1.2bn to CNG conversion of 147,000 cars over 3 years
Negotiations take place with vehicle manufacturing companies to enforce vehicle warranties following conversion to gas
2021 car models catch consumer’s eye, low supply reignites price increase
Parallel car market actually created by agents, through which more cars are imported, says Kayan Chairperson
Locally assembled BMW X6 now available in Egyptian market
Group’s factory has produced several notable models assembled in Egypt, at the forefront of which are the BMW X categories
All new Nissan Juke boasts bigger distinctive sporty design, advanced technologies
Japanese car brand launches second generation of all-new Nissan Juke in Egyptian market
Bavarian Auto Group denies takeover, conducts structural changes
New BMW X6 model has become available on local market for EGP 2m
Egypt Motorcycle Rally scheduled for 19 September under ‘Egypt is safe’ slogan
Application to participate in Egypt’s first rally closes on 10 September, while technical inspection for vehicles will be conducted on 18 September
Bavarian Auto Group to unveil Egypt-assembled all-new BMW X650i within days
Further BMW models will be offered in the coming weeks