AMIC aims to double investment portfolio within two years
Company plans to enter education, real estate, logistics sectors
Latest in Tag: AMIC Highlight
Latest in Tag: AMIC
AMIC’s reports between cars’ sales figures, actual sales
Parent company does not review its reports with us, says chairperson of IFG for Trading
Automotive companies’ profits are 16% of car price, ‘Let it Rust’ campaign is almost over: Masrouga
Daily News Egypt interviewed Raafat Masrouga, the honorary head of the Automotive Marketing Information Council (AMIC), over the current situation of the car market and the effects of the ‘Let It Rust’ boycotting campaign on the automotive industry. Masrouga spoke about the role of the AMIC and the credibility of its reports. He also discussed …
Customers’ high expectations led to current car market recession: AMIC
About 180,000 cars were sold in 2018, of which 60% were imported
Automotive market reaps rewards of economic reforms, says AMIC spokesman
GATT will be applied by January 2019
Egypt’s automotive sales reach EGP 34bn in 9M 2018
Many economic factors, crises have left their mark on current automotive sector
Egyptian auto market sales grow 10% in January
Sales in January 2018 reached 10,300 units, as price hikes reduce demand for cars
Egypt’s car sales continue to decline in September by 30%
Chevrolet maintained its top rank among the highest sellers in first nine months of 2017
38% decrease in sold units in June, reaching 10,007 units
Demand on locally manufactured cars declines by 39.9%, imported cars by 49.2% during H1 2017
Car sales fell by 45% in May
Expectations of further decline in sales due to increase in interest rate
Automotive market lost 46.5% of its sales during Q1 of 2017
Domestic product sales declined 45.8%, while import sales declined 47%
25.4% decline in automotive sales over past 10 months
Sales of passenger cars declined by 24.1%, buses by 31.8%, and trucks by 26.3%
Automotive market loses 25.6% of its sales in first 8 months of 2016
Passenger car sales declined by 25.6%, bus sales by 31.8%, truck sales by 25.7% compared to last year
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 …
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
Automotive sales retreat at slower pace in first five months of 2016
Hyundai is racing with Chevrolet to lead the market; Nissan comes in third
24% decrease in private cars sales, 27% in buses, and 29% in trucks
29.6% retreat in imported cars sales, and locally assembled cars sales decrease by 20%
Slight improvement in car sales: AMIC
66,400 cars traded over four months, with Chevrolet in the lead
Strain on import procedures causes Egyptian automotive market to falter
EAMA asked to meet the central bank governor and three ministers, says spokesperson
Car sales fall 31.7% YOY in January and February
Passenger cars sales drop 33%, buses 21%, and trucks by 33%
AMIC establishes subsidiary Company to produce renewable energy
United Company has been founded with EGP 8m capital holdings, 70% of which AMIC has contributed
Car sales fall 32% in January
Passenger cars sales drop 38%, busses 24.3%, and trucks by 18.4%
AMIC, EAMA, EAC to form committee to follow up on Egypt Automotive’s recommendations
Among the most prominent recommendations was the need to attract new investments to the manufacturing sector and feeder industries.
Canal development is auto sector’s last chance: AMIC director
The industry must make the most of Canal Zone projects, while learning from Dubai’s Jebel Ali, says Hussein Mustafa
Sale of 279,300 vehicles expected by end of 2015: AMIC report
Passenger cars sales amount to EGP 30bn, 32,900 buses were sold in 2015
Current auto-sector strategy is weak: Raafat Masrouga
The summit is an opportunity to follow up on the recommendations of last year, says the honorary chairman of AMIC
Car sales continue to decline by 18% in September
Chevrolet tops car sales with 47,200 units sold
209,000 cars sold worth of EGP 24bn over nine months
Chinese car sales drop by 35% in 8 months
According to AMIC, Geely’s bad sales performance jolted the market in its category, as all of its sales dropped from 10,300 cars in the first eight months of 2014 to about 5,600 cars during the same period in 2015, registering a 50% fall.
5% decline YoY in August auto sales: AMIC
Private cars acquired about 69% of the market with total sales of 13,400 cars, compared to 18,500 during the corresponding period of the preceding year, a decline of 6%.
186,000 cars sold in first 8 months of 2015: AMIC
Chevrolet continues to be highest seller, having sold 41,500 cars
European passenger car sales amount to EGP 3.66bn during H1 of 2015
Skoda Octavia heads the list of most sold European cars in Egypt at EGP 693m