Back to the complete issue
Thursday, 3 January 2019

Egypt’s passenger car sales rise 55% y-o-y in October

Passenger car sales were up in October for the ninth consecutive month, rising 55% y-o-y to 14,640 vehicles, according to an Automotive Information Council (AMIC) report (pdf). Bus and car sales also increased 48.6% and 52.1% y-o-y, respectively, during the month. Passenger car sales also registered a 39% y-o-y increase in 11M2018, reaching 123.5k units compared to 88.5k in the same period last year, Al Mal said, citing AMIC data. Chevrolet captured a 21.4% market share during the period, followed by Hyundai (17.6%), Nissan (14.3%), Renault (8.4%), and Toyota (7.1%). The automotive industry has been rebounding since January 2018, following a slump that was exacerbated by the EGP devaluation in 2016.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.