cars
The latest figures point to sustained recovery in the market, which began regaining momentum in February after a sharp 22.0 percent decline in January.
This marks a modest increase from February’s 10,600 units and signals a continuation of the sector’s recovery that began after a steep January decline
Despite the monthly downturn, auto sales in January showed strong year-on-year (YoY) growth.
The vessel, registered under the flag of the Marshall Islands, is 199 meters long, 38 meters wide, and has a draft of 10 meters. It boasts a capacity of up to 7,000 cars and features environmentally friendly technology, including a dual-fuel engine that can operate on liquefied natural gas.
The beginning of 2024 was particularly difficult for the auto market, with sales plummeting to the lowest point since AMIC started tracking sales data in January 2019. Despite this, the market gradually recovered and finished the year on a high note.
Egypt's car imports declined in October 2024 compared to the same month last year 2023, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egypt's imports of passenger cars have declined recently, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
El Nasr Automotive Manufacturing Company is one of the important castles of industry and business sector in Egypt, he added.
A major breakthrough in the automotive sector is expected after Egypt officially entered the BRICS.
The investment minister held an extensive meeting with representatives of global car manufacturers, agents, and distributors to bolster Egypt's automotive industry on Tuesday.
On a yearly basis, August sales were fueled by a 33.9 percent year-over-year rise in car sales and a 22.0 percent increase in bus sales.
Overall imports dropped by 3.3 percent in June 2024 to $6.0 billion, down from $6.21 billion in the same month the previous year.
This marks the fourth consecutive month of increased sales, following a significant 43 percent decline in March
CAPMAS reported a significant increase in Egypt’s car imports recently, hitting $169.7 million in April, a leap from $92.8 million in April 2023, showing growth of about $76.9 million.
An online auction held by the traffic department of the Ministry of Interior for a “special” registration plate has amounted to more than L.E.2.5 million.
In terms of year-over-year performance, automobile sales in March experienced a decline of 37 percent. This was primarily driven by a decrease of 41 percent in passenger car sales.
This recovery follows a period of decline in January, which marked the lowest point in the past 10 months.
Egypt's imports of passenger cars amounted to $223.4 million in November 2023, exhibiting a growth compared to $107.3 million in the same month of 2022, with an increase of $116.9 million
This came during a panel discussion entitled,”Used and grey vehicle imports - the reality, the journey and the opportunity in a just transition”.
May 2023’s sales numbers reached 7.3 thousand, according to the latest data from the Automotive Marketing Information Council (AMIC)
