Now is the time to buy new cars despite uncertainties surrounding the future, says GB Auto’s Drive
Latest by Yara El-ganiny
Automotive companies must switch from traditional to digital marketing to deal with social, economic changes due to COVID-19, says El Naggar
Used car sector dealers generally positive despite global pandemic
Local assembly does not face global supply chains disruption problems
The pandemic has stymied the global automotive sector, causing disruption to production in factories and reducing the workforce. This has in turn seen global sales slashed by a whopping 51.8% during March.
Temporary commercial plates are currently best replacement for car licences
Reducing production and cutting out certain markets can offset losses: Kayan
The CBE has set a daily limit for cash deposits and withdrawals at bank branches for a temporary period at EGP 10,000 for individuals and EGP 50,000 for companies. The latter are exempt from these limits in case of paying salaries or other obligations.
Drive securitises EGP 425m bonds, and will resume collecting postponed instalments from September
Shift to digital payments boosts car sales
Auto dealers ask CBE to exempt them from decision to disburse car loans
Egypt has capacity to produce all parts of vehicles except engine and gearbox: EAMA
Sales to increase by 15% in the coming period: El Saba
Saad said there is a need to encourage small and large factories alike in order to promote a synergy that could cover the state’s target production volume, calling for grants and manufacturing incentives for companies and investors.
Company to introduce new models of Scala, Kamiq in 2Q, 4Q2020, respectively
Group to launch three to four new products in 2020, including the MG5 that launched at December end
Saad ruled out the presence of any obstacles that might hinder the entry of Chinese industrial products shipped from customs outlets, as medical checks and health security measures are carried out on agricultural products that are likely to be carriers of the virus.
Withdrawing controls of various cars, anticipation dominates consumers’ behaviour
GB Auto’s subsidiary, Drive, plans to increase its market share in factoring
Chinese car companies, for the new year, did not reduce car prices in anticipation for market conditions improving, Saad explained. He noted that the recent drop in car prices is not solely due to custom removals of Turkish cars, but also to the decline in exchange rates.
Feeder industries are calling for incentives to promote their exports
Mwasalat Misr aims to inject EGP 3bn investments by 2023
New electric car models to be launched soon in Egypt, says De Mesa
Turkish car prices expected to fall by 2.5% in 2020
Projection-type black headlamps are imposing and elegant, characterized by multilayered inner divisions. Since the low-beam irradiation distance is adjustable, the headlamps may adapt to different road conditions easily, adding to the design practicability. Also, individualized headlamp eyelid design.
Facilities provided by Rwanda enhanced the economic feasibility of opening Volkswagen plant there, says Naggar
First Egyptian gas-powered micro bus to be revealed next June, says Tarras
Tawfik explained that Mercedes continues to exports these brake discs despite the 2015 suspension of the locally produced cars.
Facility located in West Cairo’s Abu Rawash
Ismail expected an increase in the market share of Volkswagen in 2020, which currently accounts for 2%, especially that the company is currently working on two models only, the Passat and Tiguan. However, this plan is temporary as the company is planning to launch new models soon.