Latest in Tag: Car Highlight
Latest in Tag: Car
SMEDA signs contracts to convert 1,000 cars to operate using natural gas, funding 10 car oil retail outlets
Agency has already converted 27,500 cars, opened 41 outlets to sell oil with EGP 150m in funding, providing EPG 28,000 jobs, says Gamea
Industry Ministry increases local component ratio in car assembling to 46%
Minister of Trade and Industry Tarek Kabil issued a decision to regulate the system of determining the ratio of local components in the car industry and its feeding industries. The decision stipulated that local components in car manufacturing must not be less than 46%. The contributions of the assembling line in the local manufacturing of …
8 car brands lead price rises in April
The local automotive market witnessed a change in most car prices in April. The price moves included a number of models such as from Opel, Hyundai, Chevrolet, Mercedes-Benz and Ford. The price increases ranged between EGP 1,000, such as Chevrolet Aveo and EGP 40,000, like Mercedes C180. In March, the agents of Chevrolet, Hyundai, and …
Earth sends its first car to Mars
For the first time in history, the world closely followed on Tuesday SpaceX’s launch of its first rocket, Falcon Heavy, carrying the first Tesla Roadster car to Mars. Meanwhile, the rocket’s boosters successfully landed back on earth after sending the vessel into space. In a livestream video, Elon Musk, founder of SpaceX and Tesla, aired …
Strong competition for car dealerships in Egypt
Last year saw strong competition between companies to acquire new car dealerships.
Car dealers to enter used vehicles market after applying VAT
The Ministry of Finance issued on Tuesday its decision no. 34 of 2018 which applies the value added tax (VAT) on the reselling of used cars in the local market, based on the difference in price between the resale and purchase price of used cars. Alaa Elsaba, chairperson of Elsaba Automotive Group—authorised distributor of a …
Euro NCAP gives award-winning Jaguar F-PACE five-star safety rating
The Jaguar F-PACE performance SUV has added a five-star rating from Euro NCAP, The European New Car Assessment Programme, to its 2017 World Car of the Year title. The performance SUV, which also won 2017 World Car Design of the Year at the 2017 World Car Awards, scored 93% for adult occupant protection, 85% for …
Emirati Sandstorm produces 1st fully Arab car
Company imported seats, glass, batteries from Cairo, exports to Africa will take place through Egyptian market in 2020
Elhamy Ezzat: from car dealership to scrap recycling
The art of recycling scrap cars is a simple idea that was carried out by many creative people around the world, including Egypt, but it has not officially appeared in different parts of the world. It has been a hobby passed on by artists who draw different paintings in distinctive shapes, made entirely from scrap …
Fuel subsidy cut does not affect car sales: experts
95 gasoline is the best economically for popular cars on the long term: Masrouga
Car prices unchanged in July except Hyundai, Nissan, Chery
Car companies maintained their prices in July, except Hyundai, Nissan, and Chery. The increases of the three companies ranged between 1,500 and 11,000. For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Auto companies expect that the sector’s sales will fall as …
574 Optra vehicles sold in Q1
Chevrolet Optra topped the sales of American cars in the first quarter (Q1) of 2017, achieving sales of 574 units with a value worth EGP 120.5m. The Ford Focus followed the Optra, with 434 units sold at a value of EGP 138.8m, followed by the Chevrolet Lanos, which occupied the third position in the list …
DNE tests performance of Jeep Renegade
Daily New Egypt has done a test drive of the 2017 Jeep Renegade to get a closer look at its performance and strength.
Price hikes increase car sales to EGP 44.4bn
The wave of increased car prices in 2016 has increased growth in the value of car sales, taking them to EGP 10.4bn after the car market achieved total sales worth EGP 44.4bn last year, compared to EGP 34bn in 2015. The passenger car market sold more than 142,000 units—a 27% decline—compared to 195,500 cars sold …
Decision to relieve expatriates from car customs for a dollar deposit according to car model: immigration minister
The ministry is working on several files in the coming period including insurance, pensions, and subsidies for Egyptian expats
6 things to consider when applying for a car loan in Egypt
Here are few things you should consider while applying for a car finance scheme
Increased car prices boost sales volume of Chinese cars
Sales of 12,000 Chinese cars; Ghabbour Auto acquires 96.8%
Future of Egypt’s automotive market is uncertain: merchants
50% decline in sales over the past three months, says Magdy
Mercedes now largest premium carmaker?
German carmaker Daimler has shifted into higher gear in the past months to leave its competitors behind. It reported its Mercedes-Benz brand sold over 2 million units in 2016, marking an important new record.Mercedes-Benz is expected to reach its goal of becoming the world’s largest premium carmaker four years early. Daimler CEO Dieter Zetsche had …
European side did not object to automotive industry strategy: Bayoumi
The agreement allows both parties to impose an internal tax on all types of cars, says Bayoumi
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 …
US dollar exchange rate at customs confuses car imports
20-30% anticipated price increase; I demand that customs fix the dollar price for a month, says El-Saba
Customs on imported cars increase by 66% after flotation
Customs charges on imported cars increased by 66% on Friday following the flotation of the Egyptian pound. This decision was made on Thursday when customs recorded a 52% increase calculated according to the price of the US dollar against the Egyptian pound in the free market, which will be reviewed on a daily basis. The …
In Video : Footage from the Nasr City car bombing
Car market has no spare parts
70% deficiency in the market; spare parts for Korean, Chinese, Japanese, European models are absent
GB Auto acquires 96% of Chinese-made car sales
Ghabbour Auto was able to acquire 96% of the Chinese car market in Egypt. Its two main brands, Chery and Geely, recorded sales of 5,777 units over the first seven months of 2016. The entire Chinese car market in Egypt achieved sales of 6,013 units over that same period, though the competition was limited between …
30% increase in car battery prices over 3 months
The demand on local brands is sharply increasing, followed by Saudi and Korean brands
Car dealers conceal inventory of new cars, raising prices by 20%
Egyptian Tax Authority investigates six companies over charges of evasion and selling cars at false prices, says Consumer Protection Agency chairperson
Sales shrink due to pricing difficulties
Several car dealerships kept their prices unchanged from July to August, despite the turmoil that hit the automotive market when the US dollar exchange rate rose above EGP 13. Other companies chose to temporarily raise their prices. Distributors and traders also raised the prices to counter the increasing cost of imports. Chairperson of El-Saba Automotive …
Car prices continue to climb in June
The automotive market has witnessed dramatic prices increase in recent months, driven by the shortage of hard currency required for importing and the high exchange rate on the informal market.