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Thursday, 8 August 2019

Car makers want representation on gov’t price-monitoring committee

Private sector auto manufacturers are looking to get in on a government committee aimed at providing a price guide to consumers by monitoring the market’s “random price increases,” Egyptian Automotive Manufacturers’ Association spokesman Khaled Saad tells Al Mal. Manufacturers say their representation in the committee would provide market data and help keep prices in check. The committee, which was set up last week, is headed by the chairman of the Consumer Protection Agency and includes members of the tax and customs authorities. The committee has been tasked with keeping tabs on the costs tacked onto imported cars, including customs and other fees, and relaying that information to the public to act as a price guide, Supply Minister Ali El Moselhy said, according to Masrawy. The committee is not meant to impose mandatory pricing.

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