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Passenger cars register EGP 25.4bn in sales over 9 months - Daily News Egypt

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Passenger cars register EGP 25.4bn in sales over 9 months

The passenger car market saw sales of 110,200 cars over the course of the first nine months of 2016 with the value totalling EGP 25.4bn. Despite a 16.5% year-on-year decrease, Korean brands continue to lead the market in total number of sales. A total of 37,140 cars were sold with the value amounting to EGP …


The passenger car market saw sales of 110,200 cars over the course of the first nine months of 2016 with the value totalling EGP 25.4bn. Despite a 16.5% year-on-year decrease, Korean brands continue to lead the market in total number of sales. A total of 37,140 cars were sold with the value amounting to EGP 7.03bn.

Japanese passenger car sales reached 31,000 in the same period, amounting to EGP 8.5bn in sales despite a 24% y-o-y decline.

European cars witnessed the steepest decline in sales. In all 18,200 European passenger cars were sold at a market value of EGP 5.3bn, registering a sales decline of 49.8% y-o-y.

American car sales fell by 26.1%, registering 14,400 sales in the same period amounting to EGP 3.3bn.

Chinese models recorded the smallest number of sales in this period, reaching 9,200 units amounting to a total market share of EGP 1.1bn. The y-o-y decline was 14.7%.

The Malaysian automotive company Proton sold 158 cars in Egypt during the same period, with a total value of EGP 25.2m. The carmaker has stopped registering its sales with the Automotive Marketing Information Council (AMIC).

The automotive market struggled to move 84,400 passenger cars during the first seven months of 2016, with a total value of EGP 18bn.

During this period, Korean brands remained at the top of the sales market, moving 28,300 vehicles with a combined worth of EGP 5.04bn, despite a 17.3% decrease in y-o-y sales.

Japanese brands sold 24,100 units worth EGP 5.73bn during that period, a 24.3% decline in sales.

European brands sold 14,500 units worth EGP 3.94bn, which is a y-o-y decline of 44%.

American brands came in fourth, unloading 11,400 units for EGP 2.55bn and experiencing a y-o-y decline of 19.9%

Chinese models came in fifth place with the sale of 6,000 units worth a total of EGP 635m, a y-o-y decline of 39.6%.

 

 

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