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Tuesday, 28 January 2020

Egypt is fastest-growing market for Mercedes as sales hit record in 2019

Egypt the fastest-growing market for Mercedes as sales hit record in 2019: Mercedes-Benz Egypt hit record sales levels in 2019, selling 5,050 vehicles throughout the year, according to a company statement (pdf). The German auto manufacturer’s strong sales performance in Egypt was mirrored in its global performance, with global sales volumes also hitting a new record in 2019 “in a challenging environment for the automotive industry.” Egypt is currently the company’s fastest-growing market, the statement says. Mercedes-Benz is set to return to local assembly in Egypt this year, following a four-year hiatus after it shut down its Egyptian assembly line in mid-2015 amid FX shortages.

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