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, …
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 …
Al-Mansour Automotive, Opel’s agent in Egypt, unveiled two new cars for 2018, the Crossland X and the Grandland X. Al-Mansour and Opel leaders held a press conference at Palm Hills to reveal the multi-use SUV models, as well as the former’s expansion plans in Egypt for 2018. Ankush Arora, CEO of Al-Mansour, said that his …
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 …
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 …
French car maker PSA is reportedly seeking a refund from General Motors (GM) after discovering it was allegedly misled about Opel’s emissions challenges prior to the acquisition of the German car maker.Several news media, including German news agency DPA and Britain’s Reuters, have come up empty-handed on requests for comment from PSA Group on Wednesday …
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 …
A number of car companies decided to fix prices after offering discounts at the Automech Formula 2017. The automotive market witnessed a rise in the price of a number of models. With the recession plummeting market sales, customers are waiting for discount offers in the coming period, for new car buyers, after the used cars …
Price increases range from 9% to 105%, with Toyota in the lead
Nissan, Chevrolet, and Toyota are the leading companies
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 …
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 …
Meeting German government officials and labor unions, Peugeot SA CEO Carlos Tavares has pledged to uphold a job guarantee for Opel and Vauxhall workers in the wake of PSA’s takeover of the struggling carmaker.At a meeting with German Economy Minister Brigitte Zypries, Tavares reaffirmed Peugeot SA’s commitment to “respect the existing agreements” covering jobs, salaries …
Despite intense efforts to turn a profit, Opel has yet to come out of the red. But business for the European automaker’s American parent company, General Motors, is booming, with the firm posting record sales worldwide.GM’s European subsidiary Opel last year failed once again in its attempt to turn into a profitable entity. GM announced …
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 …
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 …
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 …
Price lists showed that Opel raised the prices of Astra and Cascada by EGP 20,000
The German car manufacturer sold 626 Astra models at an estimated value of EGP 134m
Jeep, BMW, and Suzuki announce the closure of reservations for their vehicles
General Motors’ subsidiary has vehemently denied a report by a German environmental lobby group claiming excessive emissions have been found in one of the carmaker’s models. Opel called the claim ‘wrong and unfounded’. Opel insisted Friday it had by no means violated European environmental standards. The message came in response to researchers claiming to have …
AFP – French car sales picked up strongly in March after a grim year for the industry in 2013, but volumes remained low, trade data showed on Tuesday. The figures showed that French carmakers, including struggling Peugeot, did well, but that sales by General Motors fell heavily reflecting a contested decision to withdraw the Chevrolet …
