Latest in Tag: Automotive Highlight
Latest in Tag: Automotive
Egypt Automotive Summit’s 7th edition reviews national strategy to develop auto industry
We hope to solve the chip shortage crisis by 2023: Al-Mansour Automotive
Real estate, automotive sectors affected by local currency devaluation: OLX Egypt
The study showed a 15% reduction in real estate listings during June compared to May, and 35% decline in June car listings compared to March.
Egypt automotive sales drop marginally due to seasonality impacts
Additional postponement on part of customers affected sales
AAAM, Afreximbank sign MoU to boost Africa automotive investment
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have signed a Memorandum of Understanding (MoU) for the financing and promotion of Africa’s automotive industry.
Car sales jump 26.6% in 2020, GB Auto records robust volumes in Q4 of 2020
Automotive sales reach 213,200 units in 2020, registering strong surprise recovery
El Nasr to rehabilitate factory infrastructure during next 6 months: Managing Director
Production lines to be improved from China with investments of EGP 1bn
Ezz Elarab Group launches DS3 Crossback for 1st time in Egypt
Model features 1200 cc with 130 hp and 8 gear transmission
Automotive market divided on impact of second COVID-19 wave on local sales
Closure of some car factories abroad due to coronavirus will lead to decline in Egypt’s car imports by 10%-20%: Brilliance Bavarian official
King Long releases microbus with 70% local components
New model was launched at price of EGP 210,000
Dealers expect lower prices on used cars, high demand for new models
Chairperson of the Egyptian Automotive Dealers Association, Osama Aboul Magd, has said that the used car market will face stagnation during the coming period.
Auto dealers support extending deadline for electronic traffic sticker installation until March
No further extensions to e-sticker installation deadline expected: Egyptian Automotive Dealers Association Chairperson
Auto market escapes wave of price hike in January thanks to Egypt-UK Association Agreement
Egypt-UK Association Agreement will ensure that the prices of cars coming from the UK will not be affected by Brexit.: El-Sabaa
Looking for affordable cars to buy? DNE presents 6 cheapest vehicles in Egypt
With over-pricing an issue of debate in Egypt’s vehicle market, it can be difficult for potential customers looking to purchase new cars to decide what best option suits their needs. Daily News Egypt has identified the six lowest priced cars available in the domestic market, with prices ranging from EGP 125,000 to EGP 169,000.
Egypt to launch ‘Go Green Exhibition’ for eco-friendly vehicles on Monday
Egypt’s first “Go Green Exhibition”, highlighting the conversion of vehicles to clean energy and replacement technologies, will kick off on Monday at the Egypt International Exhibition Center (EIEC).
Car dealers welcome Egyptian government’s decision to scrap old vehicles
Egypt aims to replace 70,000 old vehicles in 2021, with further 180,000 cars expected to be replaced during 2022, 2023
Egypt’s auto market escapes price hike wave thanks to UK Association Agreement
The Egyptian auto market has escaped from an expected price hike wave in cars and spare parts coming from the United Kingdom as the country’s exports after Brexit no longer enjoy 0% customs under the European Partnership Agreement. Alaa El-Sabaa, Chairperson of Elsaba Automotive and member of the General Automobile Division at the Federation of …
‘Overpricing’ leads to sales decline in Egypt’s automotive market
Consumer reluctance to buy vehicles is fuelled by surge in prices
Elsaba Automotive freezes all investments for Q1 2021: Chairperson
Company plans to open new service centre in Mansoura at beginning of 2021, with investments of EGP 8m
7th annual Egypt Automotive Summit to take place in Q1 of 2021
The country’s automotive sector is currently witnessing many developments, particularly relating to electric vehicles, as part of the government’s drive towards using greener fuels.
Egypt automotive sales jump 41.5% to 20,800 units in August
GB Auto market shares landed at 18.5% during August 2020
Egypt automotive seeks recovery from COVID-19 fallout
Hope, however, is gradually returning to the automotive market, with the gradual waning of the pandemic in its strength and the decision to co-exist with the virus.
Egypt automotive sector sees continued fluctuations amid COVID-19
New car models like Opel Ingenia, and Peugeot 301 and 3008 to be delivered in July, says Ahmed Ghorab
Egypt’s automotive sales up 36% m-o-m in May
GB Auto market share declined to 13.9%, down from 19.5% in April
Falling automotive demand could not limit US dollar revaluation’s impact on prices
Now is the time to buy new cars despite uncertainties surrounding the future, says GB Auto’s Drive
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.
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
Egypt’s vehicle inventory starts moving as licensing resumes
Local assembly does not face global supply chains disruption problems
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
Uncertainty dominates automotive industry’s future
Reducing production and cutting out certain markets can offset losses: Kayan
Egypt’s automotive strategy to be submitted to Cabinet within week: Nevine Gamea
4% increase in non-oil exports during January, says minister of industry