Latest in Tag: Cars Highlight
Latest in Tag: Cars
Proton sells 158 cars during first 5 months of 2016
The Malaysian brand Proton sold 158 cars in the first five months of the year without any sales during May. Gen-2 sold the most units at 107 cars worth EGP 17m, followed by Persona selling 51 cars worth EGP 8.1m. Proton sold 158 cars during the first four months of the year, achieving sales estimated …
EGP 12.2bn in private car sales over first 5 months of 2016
Korean brands rank first, Japanese brands second, and European brands come third
Social media uproar over actor’s post with newest Lamborghini, Rolls Royce cars
Social media has become an inseparable part of our lives. To share one’s daily life with friends, including the food one eats, the clothes one wears, or even the place one’s sitting in, is something that people have become familiar with long ago. Yet, some social media posts might cause debates and stir controversy, especially …
Car prices continue their journey towards record highs
A new wave of price hikes took place in July for 153 car models from different brands amid anticipation by analysts that the Egyptian pound would be further devaluated by the Central Bank of Egypt. The increase included the German carmakers Opel and BMW, Korea’s Hyundai and Kia, the American Chevrolet, the French brands Renault …
Serious concerns dominate Egyptian automotive market following Brexit
The agreement between Egypt and the EU triggered a gradual customs reduction on European cars in 2009, which will continue until 2019, at which time European cars will be completely exempt from custom fees.
Auto assembly companies experience 4-month decline amid US dollar shortage
During the first four months of 2016, 44,900 cars were sold, compared to 63,700 at the end of April 2015.
New Sunny still tops the list of Japanese models
The Mitsubishi Lancer EX ranked second with sales of 2,389 cars at EGP 406m, followed by the Nissan Sentra with 1,748 units sold valued at EGP 292m.
Slight improvement in car sales: AMIC
66,400 cars traded over four months, with Chevrolet in the lead
Carpooling app Raye7 looks to expansion plans as interest grows
70% of private cars in Greater Cairo have vacant places and Raye7 hopes to use this statistic to reduce traffic congestion
Mazda targets sales of 4,000 cars in local market by year-end
Launching Mazda 2, new type of SUV model, says chief executive
Automotive agents decry conditions of sector in Egypt at Automech Formula
The general manager of MTI however lauded the central bank’s decision to devalue the pound, saying it will translate to an increase in automotive prices
EGP 1.9bn in Verna sales in 2015
The Hyundai Verna topped the list of best-selling Korean cars, achieving sales of EGP 1.9bn throughout 2015, selling 21,000 units. The Verna is considered the cheapest Korean car in Egypt. Meanwhile Hyundai’s Elantra increased to second place, overtaking the Hyundai ix35. The Elantra achieved sales estimated at approximately EGP 1.1bn for 6,801 cars sold, while …
Record of EGP 34bn personal vehicles sold in Egypt in 2015
Korean cars topped auto sales at total of 58,000 vehicles, followed by Japanese and European sales
Logan tops European brands
The Skoda Octavia sold 5,154 cars worth EGP 978m in 2015; while the Renault Stepway came third in terms of sales, selling 4,183 cars at EGP 522m.
GB Auto introduces seven new cars in Automech Formula
Elantra HD returns as locally assembled Elantra AD and Tucson becomes first 2017 model in Egypt
CBE regulations on retail bank loans expected to boost car payments through direct instalments
Customers will escape from banking restrictions, says Honourary Chairman of AMIC
Chairman of Central Administration of Cairo Customs on new customs’ procedures
GAFI to establish a developed logistics centre to accelerate importing shipments
Customs exemptions flag government-car industry misalignment
Daily News Egypt reported that the Customs Authority would be exempting cars of European-origin with capacities of 1,300 CC or less from customs in compliance with the EU-Egypt Association Agreement, according to a source at the Ministry of Finance
CES 2016: Connected cars and smart drones
From drones and robots to jewelry, appliances and TVs, the new technology on display at the 2016 Consumer Electronics Show promises to be smarter than ever. But the real stars in Las Vegas this year have wheels.
From drones and robots to jewelry, appliances and TVs, the new technology on display at the 2016 Consumer Electronics Show promises to be smarter than ever. But the real stars in Las Vegas this year have wheels.
New ‘Car City’ raises controversy
The 20-year usufruct system hinders idea of establishing New Car City, says businessman
VAT to raise taxes on cars with capacities less than 1,000 litres: ETA
Services and spare parts sectors to be subjected to the general tax rate instead of the current 10%, says Salah Yousef
Egypt launches strategy to produce 1m cars in Egypt by 2025: Qabil
The strategy is to attract international companies in the automotive market to fully manufacture in Egypt
VW halts European sales of rigged cars
German carmaker Volkswagen has announced it has stopped the sale of new vehicles in the EU fitted with the emissions-cheating software. The cars in question will first be fixed and then put up for sale again. Volkswagen said Wednesday it had completely halted the sale of vehicles in the EU which came equipped with software …
Auto Center Point exhibition concludes
The Auto Center Point exhibition for cars and accessories in Porto Cairo, launched on 15 October, concluded on Monday. It was attended by 18 companies involved in the automotive sector, including agents and dealers. The exhibition showcased the new 2016 car models and accessories, while other companies offered discounts on their 2015 inventories. It aimed …
GB Auto aims to sell 6,000 Geely cars during H2 of 2015
Plans to receive 4,000 Mazda cars instead of 3,000 cars in 2016 to meet the growing needs
Prices of 23 cars increase in October
Hyundai Verna’s price increases by EGP 5,000, Mitsubishi Lancer increases by EGP 2,000
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
Market share Toyota Egypt more than doubles over past 5 years: CEO
Ahmed Monsif, CEO of Toyota Egypt, explains the future plans of the company, and the main obstacles facing the local automotive market
Automotive sales paralysed: Distributors
Incorrect agents’ evaluations exacerbated the crisis, says El-Masria Chairman