The prices of Nissan, Hyundai, Renault, Chery, and Opel have seen an increase of up to EGP 30,000 due to the recessio0n experienced in the Egyptian market, while other companies managed to stabilise their prices in May.
Despite the sale offers made (...)
In spite of the discounts offered by companies during February and March, the decline in car sales fell by 46.5% in the first quarter of 2017 compared to the same period of 2016. The market saw sales of 26,500 units compared to 49,600 units, (...)
Automotive companies started offering price cuts in order to move the recession of the market.
The offers included Korean, Japanese, and American brands; European brands were absent from the campaign.
Khaled Saad, the general manager of Brilliance (...)
The appreciation of the US dollar exchange rate against the Egyptian pound over the past few months has led to a lack of spare car parts, exceeding 70% of the market size due to the decline in the amount imported and the restrictions on spare parts (...)
