Latest in Tag: Hyundai Highlight

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Latest in Tag: Hyundai


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Car companies struggle to stabilise prices after fuel price changes

The car market has received the decision to increase fuel prices with a stabilisation of the delivery prices of the current month, ignoring the projections on social media of the upcoming period and a possible increase in prices. Some of the companies that have kept their prices fixed are Mercedes-Benz, Opel, Chevrolet, BMW, Toyota, Renault, …

Ahmed Amer

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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 …

Ahmed Amer

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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 …

Ahmed Amer

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Autonomous cars to trend in 2018: Hyundai 

Autonomous cars—vehicles without human drivers—are expected to become a major trend in new driving techniques to be offered in car showrooms in 2018, according to a senior official at Hyundai Africa and Middle East.  Hyundai Director of Product and Operations Mike Sung said that autonomous driving techniques have already been added in Hyundai’s new models. …

Daily News Egypt

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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 …

Ahmed Amer

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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 …

Ahmed Amer

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Automotive companies offer no price cuts in Ramadan

For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …

Ahmed Amer

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Nissan, Hyundai, Renault, Chery, and Opel witness price hike in May

The prices of Nissan, Hyundai, Renault, Chery, and Opel have seen an increase of up to EGP 30,000 due to the recessio0n experienced in the Egyptian market, while other companies managed to stabilise their prices in May. Despite the sale offers made by automotive companies in February and March, car sales declined by 46.5% in …

Ahmed Amer

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Hyundai prices go up again, other carmakers offer discounts

Hyundai decided to raise its prices again, following a period of discounts that lasted throughout last month and the first week of April. The carmaker suffered a sales drop in February, marking only 159 units compared to 3,439 units sold in February 2016. Car dealerships and distributors have started offering discounts as their sales have …

Ahmed Dawoud

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Shell renews engine oils partnership for Ghabbour Auto cars

Shell Lubricants Egypt and GB Ghabbour Auto announced the renewal of their partnership, which stipulates Shell being the major and sole supplier of engine oils in the after-sales service centres of all brands affiliated to Ghabbour Auto, including Hyundai, Chery, Mazda, Geely, and Volvo and Mitsubishi for heavy transport. Chairperson of the board of directors …

Daily News Egypt

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Hyundai dominates Korean car sales, Verna in the lead

As of the end of September, Hyundai has acquired 75% of Korean brand sales in the Egyptian market, with 31,500 units sold out of a total of 37,100 units. For the moment, Hyundai has beat out its rival Kia which ranked lower. Hyundai Verna came in the lead during the period from January and September, …

Ahmed Amer

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Hyundai dominates Korean car sales

Hyundai acquired 85.9% of the Korean automotive market sales in the first seven months of 2016, selling 24,300 cars out of 28,300 Korean-made cars sold in total. The carmaker was able to seize the top five spots on the list, outperforming its rival Kia. Hyundai Verna topped the sales list for the Korean carmakers. A …

Daily News Egypt

Kia cars awaiting shipment at Pyeongtaek Port

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 …

Ahmed Amer

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Verna leads sales of the Korean market in H1 2016

Hyundai acquired 85.9% of the Korean automotive market sales in the first half (H1) of 2016, selling 19,900 cars out of total sales of 23,100 Korean-made cars. The carmaker was able to seize the top six spots on the list, outperforming its rival Kia. Verna topped the sales list of the Korean carmakers. A total …

Daily News Egypt