Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt car sales down 36 pct, says auto council
Published in Daily News Egypt on 02 - 08 - 2009

CAIRO: Egypt's car sales declined 36.3 percent year-on-year in June 2009, said officials at the Automotive Marketing Information Council (AMIC) in their bi-annual meeting last week.
A total of 90,357 cars were sold in the year to June 2009, compared to 141,796 cars the previous year, with the volume of passenger cars decreasing the most by 38 percent.
Buses were down 24 percent and trucks fell 36 percent, according to AMIC.
AMIC figures showed a better monthly growth rate in 2009, with June taking the lion's share of sales, up by 23 percent from the previous month with 19,536 cars sold.
Salah El-Hadary, secretary general of the Egyptian Automobile Manufacturers Association (EAMA), looked at the positive side, saying that while the report shows sales have slowed in the past year, the numbers are three-folds what they were in 2004.
AMIC has 35 member automotive manufacturer and provides industry information on Egypt.
Amr Nassar, general manager of marketing at Mercedes-Benz, spoke of AMIC's role in facilitating training for marketing professional in the industry in cooperation with the International Finance Corporation, focusing recently on how to deal with the financial crisis and how to follow market trends.
Mostafa Hussein, chief of the board of AMIC, attributed the car sales boom witnessed over the last five years to tariff cuts as well as the increase in retail banking that facilitated car financing schemes.
According to the report, SUV sales were the only bright spot in the report, growing 11 percent year-on-year, with 2,815 units sold compared to 2,531 the previous year.
Overall total passenger car sales declined 38.2 percent, with 67,129 units sold compared to 108,679 in June 2008.
Bus sales dropped 24.3 percent and microbuses grew 13 percent.


Clic here to read the story from its source.