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Wednesday, 19 October 2016

Egypt 38 out of 40 in car production in OICA’s index

Putting Egypt’s automotive market in context: Egypt was ranked 38 of out of 40 countries by number of motor vehicles produced in 2Q2017, according to the International Organization of Motor Vehicle Manufacturers (OICA)’s index. Egypt produced 18,160 vehicles in the quarter (including both passenger cars and commercial vehicles), it says. Egypt came in second in Africa in terms of automotive sales during 1H2016, with 129,200 vehicles sold, according to the organization’s data for Africa sales, trailing South Africa whose sales volumes reached 272,461 in 1H2016.

In other industry news: GB Auto has inked a pact with Abraaj-backed ride-hailing app Careem to give Careem drivers discounts on GB Auto vehicles, which include Hyundai, Geely and Mazda. Incentives will also include discounts on aftersales and spare parts, and the agreement also includes a trade-in policy for existing vehicles through GB Auto’s Fabrika pre-owned vehicles business, Al Mal reports.

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