The automotive market struggled to sell 70,800 units of passenger cars during the first half (H1) of 2016, with a total value of EGP 14.8bn.
Korean brands maintained the top spots of the sales market, with the brands achieving sales of 23,100 units worth EGP 4.1bn between January and June, despite the decline of sales by 18.7% compared to 2015.
Japanese brands achieved sales of 20,500 units worth EGP 4.78bn during H1 2016, a 25.9% decline in sales, while European brands sold 12,500 units worth EGP 3.3bn, which is a decline of 39.6% compared year-on-year (y-o-y).
American brands registered the fourth highest sales by selling 9,400 units over six months worth a total of EGP 1.98bn, with a sales decline of 23.2%.
Chinese models came in fifth place with sales of 5,000 units worth a total of EGP 616m—a sales decline of 41.5%. At the bottom of the list were other Asian brands, of which the Malaysian brand Proton sold 158 cars worth EGP 25.2m, with a 67.1% decline in sales.
The total sales of passenger cars in the automotive market registered 58,600 units during the first five months of 2016, at a value of EGP 12.2bn.
Korean brands sold 19,500 cars worth EGP 3.4bn between January and May with a 14.3% decline in sales compared y-o-y.
Japanese brands amounted total sales of 16,900 units worth EGP 3.9bn, with a 27.5% decline. European brands sold 10,400 units worth EGP 2.8bn, a decline of 31.8%, while American brands witnessed a 24.6% decline in sales with 7,300 units sold worth EGP 1.4bn.
Chinese brands ranked fifth selling 4,200 units worth EGP 510m, recording a 41.9% decline in sales. Asian brands came at the bottom of the list selling 158 cars worth EGP 25.2m, marking a decline of 62.2%.