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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 …

Ahmed Amer

Car companies halt sales to reprice in wake of CBE decision

Car companies halted their sales processes to review prices after the Central Bank of Egypt’s (CBE) decision to float the Egyptian pound on Thursday. Some companies plan to reprice their cars, while others await the stabilisation of the US dollar rates against the pound and the end of the turmoil and confusion that currently prevails …

Ahmed Amer

Mondelez Egypt Foods reaches sales worth EGP 1.4bn in 9 months

Mondelez Egypt Foods reached sales worth $1.4bn during the first nine months of 2016. The company’s regional director for Egypt and North Africa, Bilal Sharbatly, said that Mondelez acquired more than 40% of the market volume, which amounts to EGP 3.5bn. He told Daily News Egypt that the sales volume reaches about EGP 1.4bn, up …

Samira Saeed

Kia Sportage outperforms Opel Astra sales

Kia Sportage took the top spot from Opel Astra in sales of European-origin cars. Though headquartered in Seoul, South Korea, Kia Sportage is manufactured in Slovakia before it is imported to Egypt—therefore it is considered a European brand. The model registered sales of 2,379 units over the course of seven months worth EGP 666m in …

Ahmed Amer

GB Auto acquires 96% of Chinese-made car sales

Ghabbour Auto was able to acquire 96% of the Chinese car market in Egypt. Its two main brands, Chery and Geely, recorded sales of 5,777 units over the first seven months of 2016. The entire Chinese car market in Egypt achieved sales of 6,013 units over that same period, though the competition was limited between …

Daily News Egypt

Hyundai dominates Korean car sales

Hyundai acquired 85.9% of the Korean automotive market sales in the first seven months of 2016, selling 24,300 cars out of 28,300 Korean-made cars sold in total. The carmaker was able to seize the top five spots on the list, outperforming its rival Kia. Hyundai Verna topped the sales list for the Korean carmakers. A …

Daily News Egypt

Proton sells 158 cars during first 5 months of 2016

The Malaysian brand Proton sold 158 cars in the first five months of the year without any sales during May. Gen-2 sold the most units at 107 cars worth EGP 17m, followed by Persona selling 51 cars worth EGP 8.1m. Proton sold 158 cars during the first four months of the year, achieving sales estimated …

Daily News Egypt

EGP 1.9bn in Verna sales in 2015

The Hyundai Verna topped the list of best-selling Korean cars, achieving sales of EGP 1.9bn throughout 2015, selling 21,000 units. The Verna is considered the cheapest Korean car in Egypt. Meanwhile Hyundai’s Elantra increased to second place, overtaking the Hyundai ix35. The Elantra achieved sales estimated at approximately EGP 1.1bn for 6,801 cars sold, while …

Shaimaa Raafat