Latest in Tag: Kia Highlight
Latest in Tag: Kia
XCeed: The New KIA surprise for fans of the Korean brand in Egypt
The 1.5 turbo engine generates 160 horsepower and a powerful performance placing the car at the top
Kia Motors accelerates business transformation into leading EV brand
Korean brand reveals first stage of future product plans, including seven new dedicated BEVs that will be launched by 2027 across several vehicle segments
Egyptian market far from effects of Hyundai, Kia production suspension
2021 models most affected by Coronavirus, no increase in car prices in Egypt
Kuwait Investment Authority to expand its investments in Egypt during coming period
Kuwaiti investments in Egypt amount to $4.7bn, with 1,302 companies in the fields of industry, finance, real estate, tourism, services, agriculture.
Prices of November deliveries moving slowly
Easy, breezy, car shifting price gears
Kia launches new ‘Grand Cerato’ as well as ‘Rio’ models early September
EIT, the agent of Kia and Renault, has revealed that it will be presenting two new models of Kia, which are Grand Cerato and Rio, the 2019 model, in early September. Sherif Faheem, the marketing manager of Kia Motors in EIT, told Daily News Egypt that the car’s price ranges from EGP 329,900 to EGP …
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 …
EIT surprises local SUV market with Kia assembly deal
Locally-assembled Kia Sorento to go on sale in last quarter of 2018
Egyptian International Trading Co to assemble Kia models locally
Company will offer luxury SUVs in three price categories
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 …
Automotive companies promote themselves in North Coast
Kia, BMW, and Toyota are the most prominent signs announced
Agents break expectations of distributors, traders by raising prices during July
Nissan, Chevrolet, and Toyota are the leading companies
Kia cuts prices of all models except Carens and Carnival
A state of volatility in the prices of Kia models began at the end of March. The company offered a discount of up to EGP 50,000 at the beginning of the month, before raising the prices again at the end of it. Yet, in April, the carmaker decreased the prices of all its models, except …
Hyundai, Kia, Chevrolet continue the price race
The month of February again saw price increases of nearly all major car brands
Cairo Economic Court orders former Kia agent to pay EGP 34.6m to Banque Misr
The Cairo Economic Court ordered businessman Walid Tawfik, former importer of KIA Motors in Egypt, to pay EGP 34.6m to Banque Misr over debt settlement. The bank had filed a lawsuit several months ago in the Cairo Economic Court against Tawfik, demanding him to pay EGP 149m of debt, as well as 15% return until …
Soaring car prices to continue throughout November
Ongoing dollar shortage and high exchange rates driving factors in price hikes
Automotive market fails to control prices of 165 car models in October
A new wave of price increases for 165 car models from different brands continued through in October, registering record highs as a result of price increases that companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes included the German brands Opel and BMW, the …
The Skoda saga
Differences flare up between Shafik Gabr and the Czech company
Kia Soul sells 485 vehicles in seven months
The Soul comes in 39th on the list for most traded cars in Egypt
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 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
Automotive companies advertise their models, services in the North Coast
While people flock to the coastal cities to take advantage of the summer months, automotive companies are also looking to take advantage of the summer season to promote their cars and after-sales services. Daily News Egypt is taking a look at the direction automotive companies are moving in, including Kia, Toyota, BMW, Renault, and Nissan. …
Hyundai, Fiat, Kia lead second-hand car advertisements on OLX
Total value of second-hand products put up for sale on OLX Egypt amounted to EGP 4.2bn
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 …
Hyundai continues to outperform Kia
Hyundai car models occupy the top seven best-selling cars of Korean origin, outperforming Kia, which ranks further down on the list. Hyundai Verna has maintained its position as the best-selling Korean car from January to May, selling 5,938 cars worth a total of EGP 611m. Hyundai Tucson ranked second with 3,466 cars sold, worth EGP …
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 …
KIA unveils newly designed Cerato
Egyptian International Trading and Agencies (EIT) recently revealed the newly designed 2017 KIA Cerato during its annual sohour. The KIA Cerato belongs to the sedan car family, which is the most sold type of car in Egypt. EIT is the exclusive distributor of KIA Motors in Egypt. After ten years of local success, the Cerato …
Hyundai outperforms Kia by occupying nine positions
The Verna topped the sales of Korean cars in Egypt during the first quarter of 2016, selling 3,446 cars worth EGP 318m.
Kia takes the prices of Korean cars to a new level
Hyundai raised the price of the manual Verna 2017 by EGP 9,000. It added EGP 10,000 to the automatic category