Latest in Automotive Highlight
Latest in Automotive
Egypt’s automotive sales decline 46.7% in April
Car sales nationwide have been negatively impacted by curfew and the halt licensing new vehicles between 19 March and 24 April.
Chery Arrizo 5 price increases EGP 3,000: Ghabbour Auto
This entails the following updates on prices: the first category M/T Baseline is now priced at EGP 172,000 instead of EGP 169 000; the second category A/T Baseline is EGP 192,000 instead of EGP 189,000; and the third category A/T Highline is EGP 206,000 instead of EGP 203,000.
Coexistence with COVID-19 revives Egypt’s car market
More people will buy cars to avoid possible infection in public transport
Pandemic to change automotive industry; price hike likely in near future: Naggar
Egypt’s automotive market unlikely to return to pre-coronavirus levels before August 2020, says Kayan Chairperson
Al-Amal Auto offers latest 7-seat Lada Largus model
No intention to assemble Largus in Egypt, says Soliman
Coronavirus promotes automotive sector’s shift to e-marketing
Automotive companies must switch from traditional to digital marketing to deal with social, economic changes due to COVID-19, says El Naggar
Egypt’s automotive market faces new wave of cuts
Car prices slashed across the sector as automotive sector feels the pinch in consumer pockets
Used car consumers remain cautious due to ongoing economic uncertainties
Used car sector dealers generally positive despite global pandemic
Bavarian Auto Group launches BMW 2 Series Gran Coupe in Egypt
The car is a continuation of the Grand Coupe concept which has already achieved success in the premium compact vehicle class.
Egypt’s vehicle inventory starts moving as licensing resumes
Local assembly does not face global supply chains disruption problems
Local auto sector slowly recovers as vehicle licensing resumes
The pandemic has stymied the global automotive sector, causing disruption to production in factories and reducing the workforce. This has in turn seen global sales slashed by a whopping 51.8% during March.
GB Auto sees 3.1% decline in March market shares
Company’s March market share declines to 17.2%, passenger car sales rose 16.5% y-o-y, but decline 10.4%
Preliminary contract remedy for commercial transaction affected by notary’s offices closures
To protect rights of sellers, date of contract should be written down to disclaim responsibility for any violations that may occur after date of transaction
Automotive feeding industries to face troubled situation due to Covid-19 fallout
Several factories funnel their production to domestic spare parts market, says Tradeco’s El-Sayad
No return to business yet at traffic units: general directorate
Temporary commercial plates are currently best replacement for car licences
Uncertainty dominates automotive industry’s future
Reducing production and cutting out certain markets can offset losses: Kayan
CBE imposes restrictions on cash transactions, penalty on contravening car dealers
The CBE has set a daily limit for cash deposits and withdrawals at bank branches for a temporary period at EGP 10,000 for individuals and EGP 50,000 for companies. The latter are exempt from these limits in case of paying salaries or other obligations.
Consumer finance companies differ on CBE-offered loan payment delay
Drive securitises EGP 425m bonds, and will resume collecting postponed instalments from September
DNE test-drives Aprilia SR 150, first Italian brand scooter in Egypt
First Italian scooter in Egypt brings sporty feel to daily commute
Auto sector anticipates car licence resumption to benefit from interest rate cuts
Shift to digital payments boosts car sales
CBE’s cut of overnight lending rate to revive automotive sector
Alaa El-Sabaa, a member of the Automotive Division of the Federation of Egyptian Chambers of Commerce and Chairperson of El-Saba Automotive, said each bank will have a different lending rate, as each bank determines it according to its obligations to customers in terms of certificates, loans, and so on.
Car licensing suspension to paralyse automotive sector: pundits
Auto dealers ask CBE to exempt them from decision to disburse car loans
Fiat’s endeavor to establish additional showrooms & after sales service centers
Labib stressed the need to provide the infrastructure for electric vehicles before starting its production in Egypt.
January, February car sales improve in Alexandria
Coronavirus effects on auto market will be clearly seen in 2H20
Localisation is main element in Egypt’s new auto strategy: car companies
Egypt has capacity to produce all parts of vehicles except engine and gearbox: EAMA
Lexus Design Award 2020 to finance finalist innovation solutions with $162,000
Lexus Design Award 2020 to finance finalist innovation solutions with $162,000
Egypt’s car sales up 10% in January; European brands denominate market
Sales to increase by 15% in the coming period: El Saba
Fiat Chrysler opens more showrooms, service centres soon
By giving several incentives that incentivises car manufacture -most notably the abolition of customs expenses on components and parts imported from abroad- local investors can continue to compete with imported cars, he added.
Giulia GTA: the momentous return of Alfa Romeo legend
The model’s success in competitions was then immediate: three consecutive “Challenge Europeo Marche,” tens of national championships and hundreds of individual races in every part of the world.
DNE tests 7th-generation of BMW 3 Series
The 3 Series is not just a regular passenger car and also not a means of transportation, as it engraved its name in the motor history generation after generation, with its strong performance and sleek design.