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Thursday, 7 February 2019

Automotive sales recover during 2018

Automotive sales rebounded in 2018 as total vehicle sales jumped 42.9% y-o-y, approaching pre-floatation levels with 193,800 units sold, according to figures from the Automotive Information Council (AMIC). Passenger car sales saw the greatest growth, rising 47% y-o-y reaching 145,800 units compared to 99,500 in 2017. Sales of imported cars (the segment worst-hit by the float of the EGP) surged 59.4%, while sales of locally assembled cars grew 29.1%. Truck sales grew 36% with a total of almost 32k units driving off showroom lots.

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