Egypt’s passenger car sales rise in January for the first time in 10 months
Passenger car sales rose 10% y-o-y in January for the first time after 10 consecutive months of declines, according to figures from the Automotive Information Council (AMIC) picked up by Hapi Journal. Sales rose during the first month of 2020 to 8,747 vehicles. Bus sales soared 180.6% y-o-y to 2,598 units, while truck sales dipped 2.5% y-o-y during the month to 2,528 units. Across all segments, January’s top-selling brands were Chevrolet with a 20% market share, Toyota (15%), Hyundai (10%), and Nissan (9%). In passenger cars, Hyundai (16%), Toyota (15%), and Fiat (12%) rounded up the top three. Automotive sales have been declining every month since February 2019, with total sales falling 5.7% y-o-y last year.
Corrected on 11 March 2020
A previous version of this article didn’t clearly distinguish between passenger car sales and total car sales when listing the leading brands.