The automotive industry in Egypt is witnessing a much-needed boost thanks to the government’s efforts to create a true dialogue with key market players, improve the business environment, establish a strong local manufacturing base and help the industry shift towards sustainability in line with global practices and the wellbeing of its citizens.
AMIC attributed the rise in car sales to the increase in bus sales by 58.9 percent to reach 2,421 vehicles, compared to 1,524 vehicles in July 2019.
A closer look to what happens at the Egyptian car market.
AMIC said that sales of locally assembled cars dropped 11.6 percent during the first half of 2019, recording 35,905 cars, compared to 40,624 cars during the same period of 2018.
AMIC said that passenger car sales dropped 10 percent to 41,154 cars, compared to 45,837 cars in the same month of 2017.
AMIC said that passenger car sales dropped 9 percent to 6,980 cars, compared to 7,703 cars in the same month of 2017.
AMIC said that sales of locally assembled cars jumped 18.5 percent during the first 10 months of 2018, compared to the same months of 2017.
Sales of locally assembled cars reached 48,219 vehicles in the first seven months of 2018, compared to 38,335 vehicles in the same period of 2017.