Egypt's current account gap narrows, but overall BoP records deficit    Egypt's PM reviews debt reduction strategy, eyes more private investment    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt, India discuss expanding industrial, investment partnerships    World Bank proposes Egypt join new global health initiative    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian pound ticks down in early Tuesday trading    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Egypt exports 175K tons of food in one week    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    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    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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.



Car sales grow 17% year-on-year in January
Published in Daily News Egypt on 02 - 03 - 2015

Car sales in January 2015 increased by 16% compared to the same month in 2014, according to the Automotive Market Information Council (AMIC). Cars agents and traders sold approximately 22,700 cars compared to 19,700 in 2014.
According to the report, 15,500 private cars were sold during January 2015 compared to 13,300 within the same period of last year, an increase of 17%, acquiring 68% of the market sales. In January 2015, 4,500 trucks were sold compared to 4,300 in January 2014, a growth rate of 2%, to acquire 20% of the market sales.
Bus sales also increased by 39% in a year, to 2,744 buses compared to 1,900 buses in January 2014, representing 12% of the market sales.
The report showed that the locally manufactured and assembled cars sales decreased with percentage amounts to 8.2% during January 22015, compared to the same month in 2014. Imported cars sales in the Egyptian market witnessed growth amounts to 48% during the same period.
The report mentioned that the category between 1500 and 1600 CC was the top-selling in the private cars market, to achieve 7,400 sold cars with 30% growth than the same period in 2014. The report said the locally manufactured and assembled cars sales witnessed reduction with percentage amounts at 14.4%, and in contrast, imported private cars sales increased 50.4% compared to January 2014.
The sales of locally manufactured buses also grew by 3% compared to 2014, in addition to imported buses which grew by 69%. This is besides growth in the locally assembled trucks sector at 1.3% and imported trucks at 5.3%.
It is notable that sales on the local cars market exceeded all expectations for 2014, recording 293,000 cars compared to 195,900 cars sold in 2013, with increase of 49.6%. AMIC's expectations supported the opinions that the market would sell only 280,000 cars.
According to the AMIC's final report for 2014, private car sales achieved a huge leap, selling 208,000 cars compared to 133,700 in 2013 with 55% increase. Bus sales increased at a rate of 30% and the trucks at a rate of 41%. Chairman of AMIC expected that the sales will grow during 2015 to record 352,000 cars with a growth rate of 20%.


Clic here to read the story from its source.