Egypt’s automotive market faces new wave of cuts
Car prices slashed across the sector as automotive sector feels the pinch in consumer pockets
Latest in Tag: car prices Highlight
Latest in Tag: car prices
Car prices expected to continue downtrend in 2020
“Turkish cars” next year’s sales’ password
“We aim to see a 35% decline in car prices by June”: campaign’s founder
The founder of “Let It Rust – Duty Free” campaign, Ahmed Abdel Moez, was interviewed by Daily News Egypt. He said the campaign’s Facebook page has 400,000 followers until now. The move aims to control car prices and reduce financial burdens on customerss who are already suffering from price hikes. He told DNE that unlike …
Relative movement in car prices in early August
The car market has witnessed relative movements in prices of cars in early August, as the increases ranged between EGP 1,000 to EGP 45,000. GB Auto, the agent of Chery, Hyundai, and Geely, increased the prices of some of its models by EGP 1,000. BMW saw the greatest increase, by EGP 45,000 on its 340I …
Limited changes in car prices during March
A quiet state of calm prevailed over most car prices in March. The price moves were limited to a few models of Chevrolet, Hyundai, and Mitsubishi, ranging between a EGP 500 increase for the Verna to EGP 20,000 for the Lancer. Chevrolet, Renault, Ford, Toyota, Chery, Hyundai, and BMW had already moved their prices in …
Car prices continue to rise in December
New price increases make it difficult for market to improve sales before end-2017
Historic leaps in car prices one year after flotation
The prices of cars have witnessed aggressive changes since the liberalisation of the exchange rate starting in November 2016. Daily News Egypt detected the changes to car prices in the Egyptian market from before the Central Bank of Egypt (CBE) made the decision to float the Egyptian pound last year up until November 2017. The …
Car prices continue climbing in August
July ended, and August began, but the expectations of distributors and dealers in the auto market remained mere inc as no prices have gone down as predicted. Even worse, several companies raised their prices in late July and August by over 8% compared to the beginning of July. Among the companies that raised prices are …
Car prices set records a month after flotation
Price increases swept across the automotive industry in November, with 162 models across various brands experiencing record price hikes. Automotive companies decided to raise prices in response to the increased cost of importing vehicles and their components after the Central Bank of Egypt decided to float the Egyptian pound, more than doubling the value of …
Car prices to see new increase when Egyptian pound is floated or devalued: GB Auto
Fluctuations in exchange rates have pushed tyre manufacturers to monitor situation before concluding partnership to establish the factory
Low supplies cause car prices to rise in September
Coinciding with September’s deliveries, further price hikes have swept across approximately 137 models from all the well-known brands in the automotive market, registering record highs as a result of the price increases companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes were registered for …
Car prices continue to rise amid foreign currency crisis
High prices, low market sales threaten to shrink market, says EAMA spokesperson
Prices of 34 car models change in 2016
The prices of 29 models saw an increase, while eight dropped since beginning of January
Customs Authority contacts commercial representation offices to develop a guideline for car prices
28 brands to be revised, including Renault, Peugeot, Hyundai, Kia, Nissan, Mitsubishi, and Suzuki
Customs tariffs significantly increase in car prices
DNE reviews value of car prices before and after customs are added