Auto sales declined 28.8% year-on-year, with 198K vehicles sold in 2016, according to data from the Automotive Information Council, Al Borsa reported. Passenger car sales dropped 27%, while bus and truck sales fell 35% and 30% respectively for the year. Chevrolet clocked in the highest number of cars sold with a market share of 21.7%, followed by Hyundai (19.5%), Nissan (11.6%), and Toyota (6.6%). According to the newspaper, Nissan’s topped sales for December with 1,821 cars.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…