Latest in Tag: Cars Highlight
Latest in Tag: Cars
Customs cuts will have negative impacts on feeder industries in Egypt
Egyptian industry qualified for global competition, absence of incentives main obstacles
Why veering Germans away from cars is tough
To combat air pollution, a number of German cities are trying to encourage citizens take public transportation. But convincing Germans to give up using their cars in favor of buses and trams has proved to be difficult.Perceptions about air pollution in Germany vary widely. Expats from places like India, for instance, routinely express the view …
Prices of November deliveries moving slowly
Easy, breezy, car shifting price gears
Audi has serious presence in Egyptian market, increasing its sales spearheaded by luxury cars
In the last five years, Audi has been able to have a serious presence in the Egyptian market, and it was capable of increasing its sales spearheaded by the sales of luxury cars.
EGP 30.4bn value of 144,000 cars coming from EU in past three years
FY 2016/2017 highest rate of exempted cars by 106%
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 …
EGP 29.6bn volume of cars, spare parts released from customs in FY 2018/2019
The Ministry of Finance revealed on Monday in a press statement that the volume of cars, passenger or transport, and spare parts that were released from customs during fiscal year (FY) 2017/2018, worth EGP 29.7bn. Meanwhile, the total taxes, customs duties, and other fees and fines collected amounted to EGP 9.92bn. The statement explained that …
Eight companies lead higher prices of June deliveries
The car market witnessed a noticeable increase in prices in early June, an average of about EGP 15,500. The surprise is that the car with the highest price increase is the locally-assembled Hyundai Verna. Some of the most prominent brands with changed prices are Hyundai, Nissan, Chery, Renault, Geely, Mitsubishi, Chevrolet, and Opel. The car …
Egyptian auto market sales grow 10% in January
Sales in January 2018 reached 10,300 units, as price hikes reduce demand for cars
6 car dealers change their prices in February
Six car dealers—Chevrolet, Ford, Toyota, Chery, Hyundai, and BMW—changed their prices of February 2018 car deliveries. Prices rose by EGP 2,000 for cars like the Hyundai Verna and by about EGP 90,000 for cars such as the BMW X1. The majority of car companies welcomed 2018 by fixing their prices, with the exception of minor …
Car owner rights in new Consumer Protection Law
System tightens penalties to reach life imprisonment
Uncertainty over status of private drivers under future legislation
Cabinet approves bill to regulate work of private car owners with Uber, Careem, yet to be sent to parliament
Japanese cars top domestic market sales in 11M 2017
Daily News Egypt monitored car sales according to their country of origin from the beginning of 2017 to November, according to the latest report issued by AMIC.
Car companies welcome 2018 with price halts
Most car companies started the New Year by keeping the prices of their models unchanged, thus ending some customer hopes of a price drop. Price lists show that market outlook will continue, after a sharp drop in sales in 2017, a 40% decline in sales compared to 2016. With the exception of minor adjustments to …
How to get a car loan from AAIB
The Arab African International Bank (AAIB) requires owning an account at the bank to obtain a car loan. Applicants will also need to provide a copy of their valid national ID card. Applicants must be 21 to 65 years old at the end of the loan period. They also must have been an employee at …
Auto industry strategy to be issued early 2018
Parliament’s industrial committee expects the bill by the end of the month
11 companies showcase 41 new models in 2017 Automech Formula exhibition
After the end of the twenty-fourth session of the Automech Formula show, which was held for four days, the show witnessed the introduction of 41 new cars from various companies participating in the show. Daily News Egypt reviewed the models and companies that have launched them… Ghabbour Auto Group The company has introduced through Hyundai …
Car price hikes since the flotation
Price increases range from 9% to 105%, with Toyota in the lead
MERCOSUR threatens feed-in industries, vehicles..Industry Minister rules out possibility
The agreements will force global companies to exclude us from manufacturing: Masrouga
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
Telecom Egypt uses cars to promote its new brand
Company is negotiating with mobile manufacturers to offer bundle services
Industry Ministry plans to use German experts to develop new automotive industry strategy
Egyptian Auto Feeders Association (EAFA) refuses to hire foreign experts, describing the step as “a waste of time and money”
Agents break expectations of distributors, traders by raising prices during July
Nissan, Chevrolet, and Toyota are the leading companies
Interest rates stir new wave across auto market
70% of sales depends on loans, demand on used cars increased
Decline in demand of locally manufactured, imported cars by 50%
43% decline in February: 6,500 units sold
Berlin environment blog: no more cars!
Berlin is not the place for committed cyclists. That’s according to two rankings and it confirms the experience of DW’s Klaus Esterluss who pedals around the city every day.Cycling is part of my daily routine. I ride to the office every day, I do my grocery shopping by bike and I even carry larger loads …
Our investments amount to EGP 50m, says Nawara
We contracted with Honeywell to use Bendix trademark in Egypt and North Africa, says Nawara
Top 10 best selling cars in Egypt in January and February
Daily News Egypt is publishing the list of 10 bestselling cars in January and February, amid price hikes across the market, which caused sales to drop. The Nissan Sunny was the top selling car during the two months, replacing the Hyundai Verna, which topped the list in the first nine months of 2016. The Nissan …
GIT to establish car ceiling production line with EGP 3m investments
The company is negotiating with Volkswagen to start exporting car mats, says Mansour
3,267 complaints against car companies in 2016: CPA
EGP 144.2m compensations for the harmed, 77 units replaced