
Recession hits sales of second-hand cars; El Nasr models top second-hand market sales
Cars in the price range of EGP 10,000 to EGP 25,000 are in the highest demand
Cars in the price range of EGP 10,000 to EGP 25,000 are in the highest demand
The passenger car market saw sales of 110,200 cars over the course of the first nine months of 2016 with the value totalling EGP 25.4bn. Despite a 16.5% year-on-year decrease, Korean brands continue to lead the market in total number of sales. A total of 37,140 cars were sold with the value amounting to EGP …